Put x in the right cell income Balance sheet revenue expenses ASSETS LIABILITIES EQUITY Advertising Building cash Client Savings Equipment Gross sales Inventory, December 31 Inventory, January 1 Loan Fund Capital Loan Loss Reserve Loans Outstanding current Loans Outstanding - Past Due Long-term Debt (concessional) Long-term Investments Net Deficit - current year Officers' salaries Purchases Restricted/Deferred Revenue Restructured Loans Sales discounts Sales returns and allowances Salespeople's salaries Travel and entertainment

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exercise 5
Put x in the right cell
income
Balance sheet
revenue expenses
ASSETS
LIABILITIES
EQUITY
Advertising
Building
cash
Client Savings
Equipment
Gross sales
Inventory, December 31
Inventory, January 1
Loan Fund Capital
Loan Loss Reserve
Loans Outstanding - current
Loans Outstanding - Past Due
Long-term Debt (concessional)
Long-term Investments
Net Deficit - current year
Officers' salaries
Purchases
Restricted/Deferred Revenue
Restructured Loans
Sales discounts
Sales returns and allowances
Salespeople's salaries
Travel and entertainment
Transcribed Image Text:Exercise 5 Put x in the right cell income Balance sheet revenue expenses ASSETS LIABILITIES EQUITY Advertising Building cash Client Savings Equipment Gross sales Inventory, December 31 Inventory, January 1 Loan Fund Capital Loan Loss Reserve Loans Outstanding - current Loans Outstanding - Past Due Long-term Debt (concessional) Long-term Investments Net Deficit - current year Officers' salaries Purchases Restricted/Deferred Revenue Restructured Loans Sales discounts Sales returns and allowances Salespeople's salaries Travel and entertainment
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