Identify which financial statement elements apply to each item described below. The first one is done as an example

Identify which financial statement elements apply to each item described below. The first one is done as an example. Item A cash dividend is declared Gnd paid to shareholders. A bill for electricity used in the current month is received but not payable until the following month. products are sold to ustomers On 30-days' credit Financial Statement Element for Account to be ebited Equity Financial Statement Element for Account to be Fredited Assets