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View Policies Show Attempt History Current Attempt in Progress The following items and amounts were taken from Oriole Company's 2022 income statement and balance sheet.
View Policies Show Attempt History Current Attempt in Progress The following items and amounts were taken from Oriole Company's 2022 income statement and balance sheet. Cash $ 87,800 Accounts receivable $ 89,400 Retained earnings 120,500 Sales revenue 589,700 Cost of goods sold 439,300 Notes payable 6,100 Salaries and wages expense 116,900 Accounts payable 53,600 Prepaid insurance 7,800 Service revenue 4,800 Inventory 64,500 Interest expense 1,890 (a) Your answer is partially correct. In each case, identify whether the item is an asset, liability, stockholders' equity, revenue or expense item. Asset Cash Stockholders' Equity Retained earnings Liability Cost of goods sold Expense Notes payable Liability
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