Your task is to complete the Textbook Exercise M1-6 on page 30. Use the attached word template to record your answers. The first item has been completed

5 Cosh 6. Advertising Exponse 7. Accounts Payable 8. Retained Eomings M1.6 Matching Financial Statement Items to Balance Sheet and Income Statement Categories Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls cach day. The following items were listed on Tootsie Roll's recent income statement and baliance sheet. For each item, indicate (1) the type of account (A= asset, L= liability, SE= stockholders equity, R= revenue, E= expense) and (2) whether it is reported on the income statement (I/S) or balance sheet (B/S). 1. Accounts Receivable 6. Sales Revenue 2. Office Expense 7. Notes Payable 3. Cash 8. Retained Earnings 4. Equipment 9. Accounts Payable 5. Advertising Expense M1-7 Matching Financial Statement Items to Balance Sheet and Income Statement Categories General Mills is a manufacturer of food products, such as Lucky Charms cereal, Pillsbury crescent rolls, and Green Giant vegetables. The following items were presented in the company's financial statements. For each item, indicate (1) the type of account ( A= asset. L= liability, SE = stockholders' equity, R= revenue, E= cxpense) and (2) whether it is reported on the income statement Week 2 Graded Assignment