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The following items and amounts were taken from Motte Inc.'s 2014 income statement and balance sheet In each case, identify on the item is an
The following items and amounts were taken from Motte Inc.'s 2014 income statement and balance sheet In each case, identify on the item is an asset, liability, stockholders' equity, revenue, or expense item $84,700 123,192 438,458 Asset Stockholders' EquityRetained earnings Expense Expense Asset Asset Asset Revenue Liability Liability Revenue Expense Cost of goods sold Salaries and wages expense 115,131 Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense 7,818 64,618 88,419 584,951 6,499 49,384 4,806 1,882
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