please help Accounting grade 11

1:15 68 8 0 . BUS FIN EXAM.docx State whether each of the following is an asset, liability or capital. If asset or liability, state the kind: Example: Cash on hand Asset Current Asset, Current liability / Non or capital Current Petty cash fund 2 Bonds 3 Salaries payable 4 Cash in bank 5 Furniture 6 Unused supplies 7 Prepaid insurance 8 Mortgage 9 Fixture 10 Notes receivable 11 Notes payable 12 Land 13 Building 14 Interest receivable 15 Interest payable 16 Accounts receivable R. 17 Francisco capital R. 18 Francisco drawings 19 Taxes payable 20 Supplies Inventories1:16 7 3 6 . BUS FIN EXAM.docx Il. Computation Gross Profit 2014: 2015: Financial Model 2014 2015 2016 2017 Income Statement 110.080 131 345 143.341 150,772 Cost of Goods Sold (COGS 40.904 49.123 42.054 50.710 Gross Profit Expenses Marketing, Advertising & Promofor 22.858 23,873 23,D02 25,245 General & Admnatinlive 10,125 10 087 11.020 11,412 Deprecation & Amortization 18.150 17 206 141.544 Interest 2 500 1.500 1.500 1:500 Total Expenses Earnings Before Tax TaxON 1 858 8.483 10.908 11-598 Net Earnings 2016: 2017: Total Expenses 2014: 2015: 2016: 2017: Earnings Before Tax 2014: 2015: 2016: 2017: Net Earnings 2014: 2015: 2016: 2017:Ill. Balance Sheet or Income Statement 1. Is the depreciation expense a Balance sheet or Income statement account? A. Income statement account B. Balance sheet 2. Is finished goods inventory a Balance sheet or Income statement account? A. Income statement account B. Balance sheet 3. Is accounts receivable an Income statement or Balance sheet account? A. Income statement account B. Balance sheet 4. Is the professional fees account a Balance sheet or Income statement account? A. Income statement account B. Balance sheet 5, Is accruals a Balance sheet or Income statement account? A. Income statement account B. Balance sheet _6. Is the rental Income account an Income statement or Balance sheet account? A. Income statement account B. Balance sheet 7. Is the carriage inwards account a Balance sheet or Income statement account? A. Income statement account B. Balance sheet _8. Is payroll a Balance sheet or Income statement account? A. Income statement account B. Balance sheet 9. Is cash an Income statement or Balance sheet account? A. Income statement account B. Balance sheet 10. Is leasehold property a Balance sheet or Income statement account? A. Income statement account B. Balance sheet