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Question 4 The following items and amounts were taken from Cullumber Company's 2022 income statement and balance sheet, the end of its first year of
Question 4 The following items and amounts were taken from Cullumber Company's 2022 income statement and balance sheet, the end of its first year of operations. Interest expense $2,000 Equipment, net $56,400 Interest payable 550 Depreciation expense 3,800 Notes payable 12,400 Supplies 4,800 20,200 Sales revenue 54,300 Common stock 2,700 Retained earnings Cash 7 Salaries and wages expense 16,800 Supplies expense 950 (a) In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Interest expense Interest payable Notes payable Sales revenue Cash Salaries and wages expense Equipment, net Depreciation expense Supplies Common stock Retained earnings Supplies expense
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