Match the following: 1. Located on the Income Statement debit column of the worksheet. 2. Located on

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Match the following:
1. Located on the Income Statement debit column of the worksheet.
2. Located on the Income Statement credit column of the worksheet.
3. Located on the Balance Sheet debit column of the worksheet.
4. Located on the Balance Sheet credit column of the worksheet.
_____ a. Beginning Merchandise Inventory (amount)
_____ b. Sales Returns and Allowance
_____ c. Salaries Payable
_____ d. Sales
_____ e. Accounts Receivable

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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