Questions: Indicate whether the item is on the balance sheet or the income statement. If it is on the balance sheet, designate which category. Note: If there is no category, select "None" from the drop down menu. Item Income Statement/ Balance Sheet Category Accounts receivable Retained earnings Income tax expense Accrued expenses Cash Selling and administrative expenses Plant and equipment Operating expenses Marketable securities Interest expense Sales Notes payable (6 months) Bonds payable, maturity 45 years Common stock Depreciation expense Inventories Capital in excess of par value Net income (earnings after taxes) Income tax payable
Transcript text: Indicate whether the item is on the balance sheet or the income statement. If it is on the balance sheet, designate which category. Note: If there is no category, select "None" from the drop down menu.
\begin{tabular}{|l|l|l|}
\hline \multicolumn{1}{|c|}{ Item } & \begin{tabular}{c}
Income Statement/ \\
Balance Sheet
\end{tabular} & Category \\
\hline Accounts receivable & & \\
\hline Retained earnings & & \\
\hline Income tax expense & & \\
\hline Accrued expenses & & \\
\hline Cash & & \\
\hline Selling and administrative expenses & & \\
\hline Plant and equipment & & \\
\hline Operating expenses & & \\
\hline Marketable securities & & \\
\hline Interest expense & & \\
\hline Sales & & \\
\hline Notes payable (6 months) & & \\
\hline Bonds payable, maturity 45 years & & \\
\hline Common stock & & \\
\hline Depreciation expense & & \\
\hline Inventories & & \\
\hline Capital in excess of par value & & \\
\hline Net income (earnings after taxes) & & \\
\hline Income tax payable & & \\
\hline
\end{tabular}
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