Catergorize and explain each one in which financial statement account is reported on the balance sheet or the income statement?
Explain briefly what the account is and what category it fits under (Asset, Liability, Equity, Revenue, Expense)
1. Cash, 2. Notes Payable 3. Common stock 4. Equipment. 5. Sales. 6. Utilities Expense 7. Salaries Expense 8. Salaries Payable 9. Accounts Recievable 10 Accounts Payable