(1) IDENTIFY THE NORMAL BALANCE FOR EACH ITEM (DR) or (CR) (2) IDENTIFY THE REPORTING FINANCIAL STATEMENT (IS Income Stmt) OR (BS Balance Sheet). (3) IDENTIFY WHETHER IT IS AN (A asset); Contra asset XA; L liability); (SE equity); Contra equity XE; (R revenue); OR (E expense) (1) (2) (3) Aor XA or L or SE or XE DR or CR IS or BS or Ror E Machinery and Equipment Dividends payable Wage and Salary expense Notes payable (ST) Cash Postage expense Salaries payable Unearned Revenue Federal income taxes payable Accounts payable Accounts receivable Common Stock Interest expense Money Market Investment (ST) Retained earnings Sales Revenue Interest payable Dividends Buildings Accumulated Depreciation Bonds payable (LT) Interest income Note Receivable (LT) Land