Classify the following items according to the financial statement on which each belongs, either the income statement IS or the balance sheet BS. Also indicate whether each is a revenue R, expense E, asset A, liability L, or owners' equity OE item.

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The Answer of Classify the following items according to the financial statement on which each belongs, either the income statement IS or the balance sheet BS. Also indicate whether each is a revenue R, expense E, asset A, liability L, or owners' equity OE item.

Classify the Following Items According to the Financial Statement on Which