1 Drag the account types to form the expanded accounting equation. Begin the equity section with capital. Then, identify whether the item increases, '+', or decreases, '-', equity. Expenses Cash Revenues Accounts Receivable Accounts Payable Unearned Revenues Assets Owner, Capital: Liabilities Owner, Withdrawals Drag card herd Drag card here Drag card here Drag card here Drag card her Drag card here

1 Drag the account types to form the expanded accounting equation. Begin the equity section with capital. Then, identify whether the item increases, '+', or decreases, '-', equity. Expenses Cash Revenues Accounts Receivable Accounts Payable Unearned Revenues Assets Owner, Capital: Liabilities Owner, Withdrawals Drag card herd Drag card here Drag card here Drag card here Drag card her Drag card here

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For each transaction, indicate whether each account would be classified in the balance sheet as (a) an asset, (b) a liability, or (c) stockholders’ equity; in the income statement as (d) a revenue or (e) an expense; or in the statement of stockholders’ equity as (f) a dividend. Account Classifications Accounts Related Transactions 1. _________ Rent expense Cost of rent. 2. __________ Interest revenue Interest earned on savings account. 3. __________ Dividends Cash payments to stockholders. 4. __________ Land Land used for operations. 5. ___________ Accounts payable Amounts owed to suppliers.
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I don’t know how to show all these transactions