Question: Shown below are three important financial statements: 1) Income Statement 2) S tatement of Retained Earnings 3) Balance sheet Indicate which financial statement(s) each of

Shown below are three important financial statements:

1) Income Statement

2) Statement of Retained Earnings

3) Balance sheet

Indicate which financial statement(s) each of the following accounts may be found: [i.e. Salary expense (income statement)]:

  1. Sales
  2. Cash
  3. Gain on sale of building
  4. Retained earnings
  5. Rent expense
  6. Capital stock
  7. Dividends paid
  8. Loss on sale of investment
  9. Income tax expense
  10. Net income

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