Chapter 2, Problem 2.6ME

Mini-Exercise 2.6

LO 2. 4

Identify accounts by statement Listed here are a number of accounts: Income tax expense, Accumulated depreciation, Notes payable, Land, Sales, Common stock, Cost of goods sold, Equipment, Accounts receivable, Rent expense, Supplies, Buildings, Service revenue, Cash.

Required:

Which of the accounts listed above would appear on a company’s income statement?