Indicate the financial statement on which each of the following items appears. Use I for income statement,
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a. Rental Revenue
b. Insurance Expense
c. Services Revenue
d. Interest Payable
e. Accounts Receivable
f. Salaries Expense
g. Equipment
h. Prepaid Insurance
i. Buildings
j. Interest Revenue
k. Dividends
l. Office Supplies
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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