NO I. Identify if the account is an asset, liability, equity, income or expense. Put a check mar (/)in the chosen column. ASSET ACCOUNT 1 2 3 4 5 6 7 Advertising Expense 8 Accounts Receivable 9 Bonds Payable 10 Balingit, Drawing 11 Balingit, Capital 12 Notes Receivables 13 Salaries Expense 14 Warehouse 15 Interest Payable Notes Payable Delivery Truck Inventories Rent Expense Prepaid Expense Service Fees Income LIABILITIE EQUITY EXPENS INCOME S E
NO I. Identify if the account is an asset, liability, equity, income or expense. Put a check mar (/)in the chosen column. ASSET ACCOUNT 1 2 3 4 5 6 7 Advertising Expense 8 Accounts Receivable 9 Bonds Payable 10 Balingit, Drawing 11 Balingit, Capital 12 Notes Receivables 13 Salaries Expense 14 Warehouse 15 Interest Payable Notes Payable Delivery Truck Inventories Rent Expense Prepaid Expense Service Fees Income LIABILITIE EQUITY EXPENS INCOME S E
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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1
2
3
I.
4
Identify if the account is an asset, liability, equity, income or expense. Put a check mark
(/)in the chosen column.
ACCOUNT
Notes Payable
Delivery Truck
Inventories
Rent Expense
5
Prepaid Expense
6 Service Fees Income
7
Advertising Expense
8 Accounts Receivable
9
Bonds Payable
10 Balingit, Drawing
11 Balingit, Capital
12
Notes Receivables
13 Salaries Expense
14 Warehouse
15 Interest Payable
ASSET
LIABILITIE EQUITY EXPENS INCOME
S
E"
Transcribed Image Text:NO
1
2
3
I.
4
Identify if the account is an asset, liability, equity, income or expense. Put a check mark
(/)in the chosen column.
ACCOUNT
Notes Payable
Delivery Truck
Inventories
Rent Expense
5
Prepaid Expense
6 Service Fees Income
7
Advertising Expense
8 Accounts Receivable
9
Bonds Payable
10 Balingit, Drawing
11 Balingit, Capital
12
Notes Receivables
13 Salaries Expense
14 Warehouse
15 Interest Payable
ASSET
LIABILITIE EQUITY EXPENS INCOME
S
E
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