Question: Please explain where each item goes on the income statement, statement of retained earnings, and balance sheet. Thank you! Sales Cost of good sold Equipment

 Please explain where each item goes on the income statement, statement

Please explain where each item goes on the income statement, statement of retained earnings, and balance sheet. Thank you!

Sales Cost of good sold Equipment Bonds Payable Salaries expense Common Stock Inventory Accounts payable Accumulated Depreciation - balance Accounts receivable Retained Earnings - balance at July 1 Dividends declared and paid Cash and cash equivalents Income tax expense Income tax payable Depreciation expense Accrued liabilities Prepaid rent Utilities expense Rent expense

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