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Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls each day. The following items were listed on Tootsie Roll's recent income statement

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Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls 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 and (2) whether it is reported on the income statement (V/S) or balance sheet (B/s (1) Type (2) Statement Asset Expense Asset Asset Expense Revenue Liability Stockholders' Equity Liability 1. Accounts Receivable 2 Office Expenses 3. Cash 5. Advertising Expense 6. Sales Revenue 7. Notes Payable 8 Retained Eamings 9. Accounts Payable

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