Accounting Ch. 2 What belongs on Balance Sheet and Income Statement

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Accumulated Depression

Asset
Balance Sheet

Long-Term Debt

Liability
Balance Sheet

Equipment

Asset
Balance Sheet

Loss on Sale of Short Term Investments

Loss
Income Statements

Net Income

Owners' Equity
Income Statement

Merchandise Inventory

Asset
Balance Sheet

Other Accrued Liabilities

Liabilities
Balance Sheet

Dividends Paid

Owners' Equity
Balance Sheet

Cost of Goods Sold

Equity
Income Statement

Additional Paid-In Capital

Owners Equity
Balance Sheet

Interest Income

Revenue
Income Statement

Selling Expenses

Equity
Income Statement

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