Solution-Indicate the types of account

Indicate the types of account

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Reference no: EM13881199

General Mills is a manufacturer of food products, such as Lucky Charms cereal, Pillsbury crescent rolls, and Green Giant vegetables. The following items were presented in the company's financial statements. For each item, indicate (1) the type of account (A = asset, L = liability, SE = stock-holders' equity, R = revenue, E = expense) and (2) whether it is reported on the income statement (I/ S) or balance sheet (B/ S).

1. Accounts Payable

2. Common Stock

3. Equipment

4. Accounts Receivable

5. Notes Payable

6. Cash

7. Retained Earnings

8. Office Expenses

9. Sales Revenue

10. Supplies

Reference no: EM13881199

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Indicate the types of account

Reference no: EM13881199

Reference no: EM13881199

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