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Oakley, Inc., reported the following items in its financial statements. For each item, indicate (1) the type of account (A = asset, L = liability, SE = stockholders' equity, R = revenue, E = expense, D = dividend) and (2) whether it is reported on the income statement (I/ S), statement of retained earnings (SRE), and/ or balance sheet (B/ S).

1. Dividends

2. Common Stock

3. Sales Revenue

4. Equipment

5. Cash

6. Note Payable

7. Accounts Payable

8. Retained Earnings, Beginning of Year

Financial Accounting, Accounting

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