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Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls and 20 million Tootsie Roll Pops each day. The following items were listed
Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls and 20 million Tootsie Roll Pops each day. The following items were listed on Tootsie Roll's recent income statement and balance sheet. For each item, select (1) the type of account (A- asset, L liability, SE stockholders' equity, R revenue, E expense) and (2) whether it is reported on the income statement (/S) or balance sheet (B/S). Item (1) Type (2) Statement 1. Accounts Receivable 2. Office Expenses 3. Cash 4. Equipment 5. Advertising Expenses 6. Sales Revenue 7. Notes Payable 8.Retained Earnings 9. Accounts Payable
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