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Identify whether the following items would be reported on the income statement or balance sheet. 1. Cash 2. Service Revenue 3. Notes Payable 4. Interest Expense 5. Accounts Receivable

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Answer:

Explanation:

Items to be reported in the Balance Sheet.

1. Cash

3. Notes payable

5. Accounts receivable

Items to be reported in the income statement.

2. Service Revenue

4. Interest Expense

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