Can someone please tell me whether each of these accounts belong in the Income S

Question

Can someone please tell me whether each of these accounts belong in the Income Statement or Balance Sheet?

Cash

Cash

Accounts Receivable Merchandise Inventory Prepaid Insurance Equipment Accumulated depreciation Accounts Payable Sales Tax Payable Unearned Revenue FICA Payable FIT Payable SIT Payable FUTA Payable SUTA Payable Bonds Payable Premium on Bonds Payable Common Stock Preferred Stock Paid in Capital in Excess of Par Treasury Stock Retained Earnings Sales Cost of Goods Sold Operating Expenses Wage Expense Payroll Tax Expense Loss on disposal Depreciation Expense Interest Expense Interest Payable Insurance Expense

Explanation / Answer

Account Belongs In Cash Balance sheet Accounts Receivable Balance sheet Merchandise Inventory Balance sheet Prepaid Insurance Balance sheet Equipment Balance sheet Accumulated depreciation Balance sheet Accounts Payable Balance sheet Sales Tax Payable Balance sheet Unearned Revenue Balance sheet FICA Payable Balance sheet FIT Payable Balance sheet SIT Payable Balance sheet FUTA Payable Balance sheet SUTA Payable Balance sheet Bonds Payable Balance sheet Premium on Bonds Payable Balance sheet Common Stock Balance sheet Preferred Stock Balance sheet Paid in Capital in Excess of Par Balance sheet Treasury Stock Balance sheet Retained Earnings Balance sheet Sales Income statement Cost of Goods Sold Income statement Operating Expenses Income statement Wage Expense Income statement Payroll Tax Expense Income statement Loss on disposal Income statement Depreciation Expense Income statement Interest Expense Income statement Interest Payable Income statement Insurance Expense Income statement

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