Answer:
Explanation:
The categorization is presented below:
Item Income Statement/ Balance Sheet Category
Accounts receivable Balance sheet Current assets
Retained earnings Balance sheet Shareholder equity
Income tax expense Income statement Expense
Accrued expenses Balance sheet Current liabilities
Cash Balance sheet Current assets
Selling and administrative expenses Income statement Expense
Plant and equipment Balance sheet Fixed assets
Operating expenses Income statement Expense
Marketable securities Balance sheet Current assets
Interest expense Income statement Expense
Sales Income statement Revenue
Notes payable (6 months) Balance sheet Current liabilities
Bonds payable, maturity 20 years Balance sheet Long term liabilities
Common stock Balance sheet Shareholder equity
Depreciation expense Income statement Expense
Inventories Balance sheet Current assets
Capital in excess of par value Balance sheet Shareholder equity
Net income earnings after taxes) Income statement None
