Indicate for each of the following items whether it would appear on a balance sheet (BS) or an income statement (IS). If a balance sheet item, is it an asset (A), a liability (L), or an owners’ equity item (OE)?1.Accounts Payable8.Land15.Buildings2.Sales Revenue9.

Capital Stock16.

Salaries & Wages3.

Accounts Receivable10.

Rent Expense Expense 4, Advertising Expense11.

Equipment17.

Retained Earnings 5 Casi12.

Interest Receivable 18.

Utilities Expense6.

Supplies13.

Mortgage Payable7.

Consulting Revenue 14.

Notes Payable