Question

Identify if the financial statements accounts are located on a balance sheet or income sheet? Identify whether the account is an Asset, Liability, Shareholder Equity, Revenue, Expense, or Not Applicable?

Accounts Payable

Common Stock

Sales Revenue

Equipment

Retained Earnings

Bonds Payable

Dividends Paid

Inventory

Insurance Expense

Accounts Receivable

Cash Flow from Investing Activities

Cash

Payroll Expense

Builings

Administrative Expense

Interest Income

Cash Flor for Operating Activities

Inventory

Cost of Goods Sold

Marketable Securities

Accounts Receivable

Retained Earnings

Income Tax Expense

Cash

Depreciation Expense

Common Stock

Accounts Payable

Dividends Paid

Miscellaneous Revenue

Office Supplies

Salaries Payable

Land

Answer 1

Particulars	Located At	Account Is
Accounts Payable :	Balance Sheet	Liability
Common Stock	Balance Sheet	Asset
Sales Revenue	Income Sheet	Revenue
Equipment	Balance Sheet	Asset
Retained Earnings	Balance Sheet	Shareholders Equity
Bonds Payable	Balance Sheet	Liability
Dividends Paid	Balance Sheet	Shareholders Equity
Inventory	Balance Sheet	Asset
Insurance Expense	Income Sheet	Expense
Accounts Receivable	Balance Sheet	Asset
Cash Flow from Investing Activities	Income Sheet	Revenue
Cash	Balance Sheet	Asset
Payroll Expense	Income Sheet	Expense
Builings	Balance Sheet	Asset
Administrative Expense	Income Sheet	Expense
Interest Income	Income Sheet	Revenue
Cash Flor for Operating Activities	Income Sheet	Revenue
Inventory	Balance Sheet	Asset
Cost of Goods Sold	Income Sheet	Expense
Marketable Securities	Balance Sheet	Asset
Accounts Receivable	Balance Sheet	Asset
Retained Earnings	Balance Sheet	Shareholders Equity
Income Tax Expense	Income Sheet	Expense
Cash	Balance Sheet	Asset
Depreciation Expense	Income Sheet	Expense
Common Stock	Balance Sheet	Asset
Accounts Payable	Balance Sheet	Liability
Dividends Paid	Balance Sheet	Shareholders Equity
Miscellaneous Revenue	Income Sheet	Revenue
Office Supplies	Income Sheet	Expense
Salaries Payable	Balance Sheet	Liability
Land	Balance Sheet	Asset