financial statement account identification mark each of the accounts listed in t

Question

financial statement account identification mark each of the accounts listed in the following table as follows.
a)In column 1 indicate in which statement income statement (Is)or balance sheet(BS)the account belongs
b)In column 2 indicate whether the account is a current asset(CA),current liability,(CL)expense(E),fixed asset(FA),long term debt (LTD),revenue(R),or shareholder' eqity(SE)
Account name                          statement(1)            type of account(2)
Accounts payable
Accounts receivable
Accruals
Accumulated amortization
administrative expenses
Buildings
Cash
Common shares
Cost of goods sold
Amortization
Equipment
General expenses
Intrest expenses

Explanation / Answer

Account name Statement(1) Type of account(2) Accounts payable BS CL Accounts receivable BS CA Accruals BS CL Accumulated amortization BS CL administrative expenses IS E Buildings BS FA Cash BS CA Common shares BS SE Cost of goods sold IS E Amortization IS E Equipment BS FA General expenses IS E Intrest expenses IS E

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