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


Account name                     Statement(1)                          type of account(2)

Inventories
Land
long term debts
Machinery
marketable securities
Line of credit
operating expense
Preferred shares
preferred share dividends
retained earnings
Sales revenue
Selling expense
Taxes
Vehicle

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 Inventories BS CA Land BS FA long term debts BS LTD Machinery BS FA marketable securities BS CA Line of credit IS E operating expense IS E Preferred shares BS SE preferred share dividends BS SE retained earnings BS SE Sales revenue IS R Selling expense IS E Taxes IS E Vehicle BS FA

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