Suppose Winston incorporated and had the following accounts.

Indicate how each of the following is

classified on the financial statements. Below is a list of classifications. If none of the listed
classifications apply, answer NA.
Balance sheet classification Income statement classifications
A. Current asset H. Revenue
B. Noncurrent asset I. Expense
C. Current liability J. Contra revenue
D. Noncurrent liability
E. Owner's equity
F. Contra asset
G. Contra equity
Income
Balance sheet
statement
classification
classification
1. Bonds payable, due in year 8 D NA
2. Treasury stock G NA
3. Accounts payable C NA
4. Sales discounts NA J
5. Notes payable, due in nine months C NA
6. Inventory A NA
7. Accounts receivable A NA
8. Common stock E NA
9. Cost of goods sold NA I
10. Allowance for uncollectible accounts F NA