Question
Which of these items belong on the income statement and which belong on the balance sheet? Cash Accounts Receivable Stocks Receivable Merchandise Inventory Investments Supplies
Which of these items belong on the income statement and which belong on the balance sheet? Cash Accounts Receivable Stocks Receivable Merchandise Inventory Investments Supplies Land Building Accumulated Dep- Building Equipment Accumulated Dep- Equipment Vehicles Accumulated Dep- Vehicles Shelving Accumulated Dep- Shelving Salaries Payable Federal Income Tax Payable FICA Tax Payable State Income Tax Payable FUTA Payable SUTA Payable Sales Tax Payable Notes Payable Mortgage Payable Dividends Payable Bonds Payable Premium On Bonds Payable Preferred Stock Paid In Capital In Excess of Par Preferred Common Stock Paid In Capital In Excess of Par Common Cash Dividends Stock Dividends Retained Earnings Paid In Cap From Sale of Treasury Stock Sales Sales Discounts Cost of Goods Sold Depreciation Expense Wages & Salaries Expense Payroll Tax Expense Supplies Expense Loss on Sale of land Interest Revenue
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