Exercise 2.

Identify accounts by category and financial statement(s) Listed here are a number of financial statement captions. Indicate in the space
following abbr

Category Financial Statement

Cash A BS
Accounts Payable L BS
Common Stock SE BS
Depreciation expense E IS
Net Sales R IS
Income Tax Expense E IS
Short Term Investments A BS
Gain on sale of land G IS
Retained Earning SE BS
Dividends Payable L BS
Accounts Recievable A BS
Short Term Debt L BS
atement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually b
following abbreviations:
s) on which the item can usually be found. Use the