Potential stockholders and lenders are interested in a company’s financial statements. Identify the statement—balance sheet (BS), income statement (IS), or retained earnings statement (RE)—on which each of the following items would appear.
______ 1. Accounts payable
______ 2. Accounts receivable
______ 3. Advertising expense
______ 4. Bad debt expense
______ 5. Bonds payable
______ 6. Buildings
______ 7. Cash
______ 8. Common stock
______ 9. Depreciation expense
______ 10. Dividends
______ 11. Land held for future expansion
______ 12. Loan payable
______ 13. Office supplies
______ 14. Patent
______ 15. Patent amortization expense
______ 16. Prepaid insurance
______ 17. Retained earnings
______ 18. Sales
______ 19. Utilities expense
______ 20. Wages payable