Activity 2 Directions: Identify if the account is an asset, liability, equity, in or expense and indicate its normal balance. Owner's Account Asset Liabilities Income Expense Equity Accounts Receivable Accumulated Depreciation Advertising Expense Bonds Payable Building Cash 7. De Jesus, Capital De Jesus, Drawing Delivery Truck Interest Payable 10 11 Inventories 12 Land Mortgage Loans Notes Payable 13 14 15 16 17 Notes Receivable 18 19 20 21 Office Supplies Prepaid Expense Rent Expense Salaries Expense Salaries Payable Service Fees Income Supplies Expense Trading Securities 12 3456oN

Activity 2 Directions: Identify if the account is an asset, liability, equity, in or expense and indicate its normal balance. Owner's Account Asset Liabilities Income Expense Equity Accounts Receivable Accumulated Depreciation Advertising Expense Bonds Payable Building Cash 7. De Jesus, Capital De Jesus, Drawing Delivery Truck Interest Payable 10 11 Inventories 12 Land Mortgage Loans Notes Payable 13 14 15 16 17 Notes Receivable 18 19 20 21 Office Supplies Prepaid Expense Rent Expense Salaries Expense Salaries Payable Service Fees Income Supplies Expense Trading Securities 12 3456oN

Name: Activity 2Directions: Identify if the account is an asset, liability,
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Description: Activity 2Directions: Identify if the account is an asset, liability, equity, incomeor expense and indicate its normal balance.Owner'sАccountAsset LiabilitiesIncome Expense BalanceEquity1Accounts ReceivableAccumulated DepreciationAdvertising Expense

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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