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3 years ago

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Link each account to the right financial statement that it belongs to Question 3 options: Depreciation Cost of goods sold Fixed

assets Inventory Accumulated depreciation Retained earnings Taxes Sales Cash Accounts payable 1. Income statement 2. Balance Sheet

1 answer:

Luda [366]3 years ago

3 0

Answer:

Depreciation - Income statement

Cost of goods sold - Income statement

Fixed assets - Balance Sheet

Inventory - Balance Sheet

Accumulated depreciation - Balance Sheet

Retained earnings - Balance Sheet

Taxes - Income statement

Sales - Income statement

Cash - Balance Sheet

Accounts payable - Balance Sheet

Explanation:

Depreciation - Income statement

Cost of goods sold - Income statement

Fixed assets - Balance Sheet

Inventory - Balance Sheet

Accumulated depreciation - Balance Sheet

Retained earnings - Balance Sheet

Taxes - Income statement

Sales - Income statement

Cash - Balance Sheet

Accounts payable - Balance Sheet

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