Question $12(8$ points$)$

Since accounting operates with a double entry system, if one account is misstated,

then one or more accounts are misstated. Match the logically related broad

categories which are often seen on the financial statements for a big box retailer.

USE a match only ONCE.

General and

Administrative Expense

Depreciation Expense

Accounts Payable

Sales

Expenses

Interest Expense

Tax Expense

Long$-$term portion of debt

Selling Expenses

Prepaid Expenses

Accounts Receivable

Accrued Advertising Expenses

Income Taxes Payable

Accumulated Depreciation

Inventory $($increase due to

purchase$)$

Interest Payable

Inventory $($decrease due to sales$)$

Accrued Administrative Salaries

Current portion of Long$-$term Debt