NO123I.4Identify if the account is an asset, liability, equity, income or expense. Put a check mark(/)in the chosen column.ACCOUNTNotes PayableDelivery TruckInventoriesRent Expense5Prepaid Expense6 Service Fees Income7Advertising Expense8 Accounts Receivable9Bonds Payable10 Balingit, Drawing11 Balingit, Capital12Notes Receivables13 Salaries Expense14 Warehouse15 Interest PayableASSETLIABILITIE EQUITY EXPENS INCOMESE

The balance sheet is one of the important financial statement of the business which represents the…

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

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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