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
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
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3E
Related questions
Question
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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