Categorize each item as a revenue or expense for a retail store that sells clothing (Note: not all items will be used). Revenues Cash The unsold clothing that is available for sale Clothing Sales Revenue Shoe Repair Service Revenue Expenses Store fixtures and furniture that hold the clothing Rent Expense Wages Expense Amounts owed to suppliers Utilities Expense  Uncategorized answers

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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Categorize each item as a revenue or expense for a retail store that sells clothing (Note: not all items will be used).

Revenues

Cash

The unsold clothing that is available for sale

Clothing Sales Revenue

Shoe Repair Service Revenue

Expenses

Store fixtures and furniture that hold the clothing

Rent Expense

Wages Expense

Amounts owed to suppliers

Utilities Expense 

Uncategorized answers 

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