Directions: Classify each account according to its category. Put a check (/)on the right column where each item belongs. Write your answers on a separatesheet of paper.AccountAssetsLiabilitiesTitleOwner's RevenueEquityNon-Non-ExpensesCurrentCurrentCurrentCurreniAssetaLiahilitiesAssetsLiabilities1. Cash2. AccountsPayable3. Building4. MortgagePayable5. ServiceRevenues6. AccountsReccivable7. SalariesExpense8. Inventory9. RentExpense10.UnearnedServiceRevenue

Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Directions: Classify each account according to its category. Put a check (/) on the right column where each item belongs. Write your answers on a separate sheet of paper. Account Assets Liabilities Title Owner's Revenue Equity Non- Expenses Non Current Assets Current Current Curreni Liabilities Assets Liabilities 1. Cash 2. Accounts Payable

Directions: Classify each account according to its category. Put a check (/) on the right column where each item belongs. Write your answers on a separate sheet of paper. Account Assets Liabilities Title Owner's Revenue Equity Non- Expenses Non Current Assets Current Current Curreni Liabilities Assets Liabilities 1. Cash 2. Accounts Payable

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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Question

Directions: Classify each account according to its category. Put a check (/)
on the right column where each item belongs. Write your answers on a separate
sheet of paper.
Account
Assets
Liabilities
Title
Owner's Revenue
Equity
Non-
Non-
Expenses
Current
Current
Current
Curreni
Asseta
Liahilities
Assets
Liabilities
1. Cash
2. Accounts
Payable
3. Building
4. Mortgage
Payable
5. Service
Revenues
6. Accounts
Reccivable
7. Salaries
Expense
8. Inventory
9. Rent
Expense
10.
Unearned
Service
Revenue

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