Question

Label each of the items listed with the abbreviation of the financial statement on which it appears. Items may appear on more than one statement. Income Statement ​(IS) Balance Sheet ​(BS) Statement of Retained Earnings ​(RE) (IS) 1. Accounts receivable ▼ (IS) (BS) (RE) (BS) and (IS) (BS) and (RE) (IS) and (RE) (BS) and (IS) (RE) 2. Notes payable ▼ (IS) (BS) (RE) (BS) and (IS) (BS) and (RE) (IS) and (RE) (BS) and (IS) (RE) 3. Advertising expense

Answer 1

a

Step-by-step explanation:

Answer 2

1. Accounts receivable are found on the balance sheet.

2. Notes payable are found on the balance sheet.

3. Advertising expense is found on income statement