Answer:
Explanation:
The statement of income records all sales revenues general and expenditure incurred during a particular period.
The balance sheet reports the assets and the liabilities of the company
So, the classification is as follows
a. Net income = income statement (I)
b. Retained earnings = balance sheet (B)
c. Depreciation expense = income statement (I)
d. Accumulated depreciation = balance sheet (B). It is deducted from the value of the respective fixed assets
e. Wages expense = income statement (I). It is shown on the debit side of the income statement
f. Wages payable = balance sheet (B). It is a current liabilities
g. Interest expense = income statement (I) It is shown on the debit side of the income statement
h. Interest payable = balance sheet (B). It is a current liabilities
i. Sales = income statement (I)
I believe that the answer is... increase the cost of credit purchases
I'd rather use my Saving but Getting a loan from family or friend is Kinda Nice if they have the money for it. but Borrowing from a Bank is Smart But Do You Even Have enough money in you're bank for it?
