Please lable the following accounts as Assets, Liability, or Equity. Also if they are a DR or CR balance.1) Accounts Receivable2) Smith, Capital3) Wages Payable4) Cash5) Interest Receivable6) Taxes Payable7) Smith, Drawings8) Retained Earnings9) Buildings10) Land1) Accounts Payable2) Common Stock3) Bonds Payble4) Furniture and fixtures5) Inventory6) Interest Payable7) Dividends8) Additional paid-in-capital9) Patents and Copyright10) Short-Term Investments
Please lable the following accounts as Assets, Liability, or Equity. Also if they are a DR or CR balance.1) Accounts Receivable2) Smith, Capital3) Wages Payable4) Cash5) Interest Receivable6) Taxes Payable7) Smith, Drawings8) Retained Earnings9) Buildings10) Land1) Accounts Payable2) Common Stock3) Bonds Payble4) Furniture and fixtures5) Inventory6) Interest Payable7) Dividends8) Additional paid-in-capital9) Patents and Copyright10) Short-Term Investments
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please lable the following accounts as Assets, Liability, or Equity. Also if they are a DR or CR balance.
1)
2) Smith, Capital
3) Wages Payable
4) Cash
5) Interest Receivable
6) Taxes Payable
7) Smith, Drawings
8)
9) Buildings
10) Land
1) Accounts Payable
2) Common Stock
3) Bonds Payble
4) Furniture and fixtures
5) Inventory
6) Interest Payable
7) Dividends
8) Additional paid-in-capital
9) Patents and Copyright
10) Short-Term Investments
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