Smith Company is preparing its multiple step income statement, statement of owner’s equity, and classified balance sheet. Using the column heads Account, Financial Statement, and Classification, indicate in which financial statement and under what classification each of the following would be reported.

Account

Financial Statement

Classification

Accounts Payable

Accounts Receivable

Accumulated Depreciation—

Office Building

Cash

Casualty Loss from Vandalism

Cost of Goods Sold

Delivery Equipment

Depreciation Expense

E. Smith, Capital

E. Smith, Drawing

Freight out

Insurance Expense

Interest Payable

Land

Merchandise Inventory

Notes Payable (due in 5 years)

Property Tax Payable

Salaries Expense

Salaries Payable

Sales Returns and Allowances

Sales Revenues

Unearned Rent

Utilities Expense

Warehouse