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Several line items and account titles are listed below. For each item, indicate which financial statement(s) would likely find the item or account and what

Several line items and account titles are listed below. For each item, indicate which financial statement(s) would likely find the item or account and what the natural balance of these line items would be (i.e. debit vs. credit).

  1. Cash
  2. Accrued Wages
  3. Retained Earnings
  4. Net Income
  5. Rent Expense
  6. Interest Income
  7. Cost of Goods Sold
  8. Accounts Receivable
  9. Accumulated Depreciation
  10. Goodwill

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