Matching Financial Statement Items to Financial Statement Categories
Mark each item in the following list as an asset (A), liability (L), or stockholders’ equity (SE) that would appear on the balance sheet or a revenue (R) or expense (E) that would appear on the income statement
(1) Retained earnings | (6) Inventories |
(2) Accounts receivable | (7) Interest expense |
(3) Sales revenue | (8) Accounts payable |
(4) Property, plant, and equipment | (9) Land |
(5) Cost of goods sold expense |
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