1) Identify accounts by category and financial statements. Listed here are a number of financial statement captions.

1) Identify accounts by category and financial statements. Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found.Category Financial StatementAsset A Balance Sheet BS Liability L Income Statement IS Owner’s equity OE Revenue R Expense E Gain G Loss LAccumulated depreciation ________ _________ Long-Term debt ________ _________ Equipment ________ _________ Loss on sale of short-term Investments ________ ________ Net income ________ _________ Merchandise inventory ________ _________ Other accrued liabilities ________ _________ Dividends paid _________ _________ Cost of goods sold _________ _________ Additional paid-in-capital _________ _________ Interest Income _________ _________ Selling expenses _________ _________