For each of the following items, identify whether they would most like


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For each of the following items, identify whether they would most likely be reported in the balance sheet (B) or income statement (I). (a) MachineryAnswer (b) Supplies ExpenseAnswer (c) Prepaid AdvertisingAnswer (d) Advertising ExpenseAnswer (e)

Sale price $15.00 Regular price $30.00

For each of the following items, identify whether they would most
likely be reported in the balance sheet (B) or income statement (I).

(a) MachineryAnswer

(b) Supplies ExpenseAnswer

(c) Prepaid AdvertisingAnswer

(d) Advertising ExpenseAnswer

(e) Common StockAnswer

(f) Factory BuildingsAnswer

(g) ReceivablesAnswer

(h) Taxes PayableAnswer

(i) Taxes ExpenseAnswer

(j) Cost of Goods SoldAnswer

(k) Long-Term DebtAnswer

(l) Treasury Stock

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