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Loss on sale of equipment account

Multi-Concept Exercises xercise 2-7 Financial Statement Classification LO 2, 3,4 Potential shareholders and lender s are interested in a company's financial statements. For the list below, identify the statement-balance sheet (BS), income statement (IS), retained earnings statement (RE)-on which each item would appear. 11. Dividends 12. Land held for future expansion 13. Loss on the sale of equipment 14. Office supplies 15. Organizational costs 16. Patent amortization expense 17. Retained earnings 18. Sales 19. Unearned revenue 20. Utilities expense 1. Accounts payable 2. Accounts receivable 3. Advertising expense 4. Bad debt expense 5. Bonds payable 6. Buildings 7. Cash 8. Common stock 9. Deferred income taxes 10. Depreciation expense