Identifying accounts Consider the following accounts: Accounts Payable Cash Common Stock Accounts Receivable Rent Expense Service Revenue Office Supplies Dividends Land Salaries Expense Identify each account as Asset (A), Liability (L), or Equity (E).
Identifying accounts Consider the following accounts: Accounts Payable Cash Common Stock Accounts Receivable Rent Expense Service Revenue Office Supplies Dividends Land Salaries Expense Identify each account as Asset (A), Liability (L), or Equity (E).
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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Identifying accounts
Consider the following accounts:
- Accounts Payable
- Cash
- Common Stock
- Accounts Receivable
- Rent Expense
- Service Revenue
- Office Supplies
- Dividends
- Land
- Salaries Expense
Identify each account as Asset (A), Liability (L), or Equity (E).
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