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This question is for my financial accounting class. Identify the following items as a specific element in financial statements by indicating against that item whether
This question is for my financial accounting class.
Identify the following items as a specific element in financial statements by indicating against that item whether it is an Asset, Liability, Equity, Revenue, Expense, Dividends: Note: This is a single "matching" style question. Please match each of the 24 items to one of the six available matching choices. Contributed Capital Capital or Common Stock Accounts Payable Accounts Receivable Marketable Securities or Investment in Stocks/Bonds Retained Earnings Salaries paid Sales Cost of Goods Sold Commission to Salespersons 1. Equity Property, Plant, and Equipment 2. Liability Tax Payable 3. Asset Cash 4. Expense Inventories 5. Revenue Bonds Payable 6. Dividends Dividends Paid Additional Paid in Capital Utilities Paid Land Computers Advertising Research and Development Notes Payable DepreciationStep by Step Solution
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