Exercise 1C

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The answers are at the bottom, work it out first please!!!

Exercise 1C

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Answers:

Answers to Exercise 1C

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A) Income Statement
B) Balance Sheet (keyword -= inventory)
C) Balance Sheet (payable = liability)
D) Sales/Revenue = Income Statement
E) Balance Sheet (Assets)
F) Balance Sheet (Assets)
G) Income Statement (Expense - keyword)
H) Balance Sheet (payable = liability)
I) Balance Sheet (short term assets)
J) Balance Sheet (debt = liability)
K) Income Statement (expense)
L) Balance Sheet (Owner's Equity account)
M) Balance Sheet