Classifying Items in Financial Statements

Next to each item, indicate whether it would most likely be reported on the balance sheet $($B$),$ the income statement $($I$),$ and$/$or the statement of stockholders$$ equity $($SE$).$

HINT: One item listed below is reported on more than one financial statement. For that item, select the answer option that includes both financial statements.

a$.$ Cash $($year end balance$)$ Answer $1$

b$.$ Advertising expense Answer $2$

c$.$ Common stock Answer $3$

d$.$ Printing fees earned Answer $4$

e$.$ Dividends Answer $5$

f$.$ Accounts payable Answer $6$

g$.$ Inventory Answer $7$

h$.$ Equipment Answer $8$