The following items and amounts were taken from Ivanhoe Inc.$$s $2027$ income statement and balance sheet, the end of its first year of operations.

Interest expense

$$2,376$

Equipment, net

$$59,076$

Interest payable

$756$

Depreciation expense

$3,456$

Notes payable

$12,744$

Supplies

$4,428$

Sales revenue

$47,844$

Common stock

$28,944$

Cash

$3,132$

Supplies expense

$972$

Salaries and wages expense

$16,848$

$($a$)$

In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item.

select a classification

Interest expense

select a classification

Interest payable

select a classification

Notes payable

select a classification

Sales revenue

select a classification

Cash

select a classification

Salaries and wages expense

select a classification

Equipment, net

select a classification

Depreciation expense

select a classification

Supplies

select a classification

Common stock

select a classification

Supplies expense

eTextbook and Media

List of Accounts

Attempts: $0$ of $3$ used

Using multiple attempts will impact your score.

$5\%$ score reduction after attempt $2$

$($b$)$

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