Specify, to the left of each account, the letter of the financial statement classification the...
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Accounting
Specify, to the left of each account, the letter of the financial statement classification the account would appear in. Use only the classifications shown.
Balance SheetIncome and Retained Earnings Statement
a. Current Assets j. Sales Revenue
b. Investments k. Cost of Goods Sold
c. Property, Plant, and Equipment l. Operating Expenses
d. Intangible Assets m. Other Revenues and Gains
e. Other Assets n. Other Expenses and Losses
f. Current Liabilities o. Extraordinary Item
g. Long-term Debt p. Retained Earnings Section
h. Capital Stock q. Not on the Statements
i. Retained Earnings
Account balances taken from the ledger of Morin Company on December 31, 2012 follow:
_____ 1. Common Stock, $10 par_____ 16. Inventory
_____ 2. Loss on Disposal of Equipment_____ 17. Salaries and Wages Expense
_____ 3. Buildings_____ 18. Merchandise on order with supplier
_____ 4. Office Expense_____ 19. Interest Revenue
_____ 5. Allowance for Doubtful Accounts_____ 20. Selling Expenses
