Indicate on which financial statement you would expect to


Indicate on which financial statement you would expect to find each of the following items using IS (income statement), BS (balance sheet), or SRE (statement of retained earnings). Also indicate whether the item is an Asset (A), Liability (L), Stockholders Equity (SE), Revenue (R), or Expense (E).

Account

Statement

Type

Cash



Accounts payable



Salaries expense



Sales revenue



Cost of goods sold



Accounts receivable



Income tax expense



Dividends



Land



Contributed capital



Selling expense



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Accounting Basics: Indicate on which financial statement you would expect to
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