Question: ) For the accounts below, indicate using an X the financial statement on which the accounts balance should be shown. Also, if the account is

) For the accounts below, indicate using an X the financial statement on which the accounts balance should be shown. Also, if the account is shown on a companys balance sheet, indicate if it should appear in the asset, liability, or stockholders equity section. The first account has been completed as an example. There should only be one X per account (or row).

Balance Sheet Statement of Retained Earnings Income Statement
Asset section Liability section

Stockholders

Equity

section

Accounts Receivable (Example) X
a. Accounts Payable
b. Interest Expense
c. Inventory
d. Allowance for Doubtful Accts
e. Common Stock
f. Interest Payable
g. Cost of Goods Sold
h. Equipment
i. Depreciation Expense
j. Bad Debts Expense
k. Prepaid Advertising
l. Deferred Revenue
m. Accumulated Depreciation
n. Dividends Declared
o. Retained Earnings Beginning
p. Service Revenue
q. Supplies Expense
r. Loss on Sale of Equipment

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