Listed below are accounts that might appear on the balance sheet or the income statement.
1. equipment
2. fees earned
3. retained earnings
4. wage expense
5. patent
6. cost of goods sold
7. common stock
8. dividend payable
9. accumulated depreciation
10. prepaid expense
11. gain on sale of short term investment
12. rent revenue
13. supplies inventory
14. accounts receivable
15. land
16. insurance expense
17. interest payable
18. deferred revenue
For each account, indicate whether a company would ordinarily disclose the account on balance sheet, or income statement.