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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).
- Cash
- Accrued Wages
- Retained Earnings - Balance Statement & Statement of shareholders equity
- Net Income - Income Statement & Statement of shareholders equity
- Rent Expense - Income Statement
- Interest Income - Income Statement
- Cost of Goods Sold - Income Statement
- Accounts Receivable
- Accumulated Depreciation
- Goodwill
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