Question 23 0/1 point For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 7. Smith, Drawings Asset Liability V Equity Revenue Expense V Real Nominal For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 10. Interest income V Asset Liability Equity Revenue Expense V Real Nominal
Question 23 0/1 point For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 7. Smith, Drawings Asset Liability V Equity Revenue Expense V Real Nominal For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 10. Interest income V Asset Liability Equity Revenue Expense V Real Nominal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Parrish Homework 1
Pleaes point out the incorrect answer(s) and give the me the correct ones and explain. Thank you
![Question 23
0/1 point
For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or
expense. The second answer identifies the account as real or nominal.
7. Smith, Drawings
Asset
Liability
V Equity
Revenue
Expense
V Real
Nominal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8a11ee6-fd05-4b14-8bff-7d21a4c9a4cf%2Feec297b9-2f40-4025-a401-8c32665a438f%2F6j5rjcd.png&w=3840&q=75)
Transcribed Image Text:Question 23
0/1 point
For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or
expense. The second answer identifies the account as real or nominal.
7. Smith, Drawings
Asset
Liability
V Equity
Revenue
Expense
V Real
Nominal
![For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or
expense. The second answer identifies the account as real or nominal.
10. Interest income
V Asset
Liability
Equity
Revenue
Expense
V Real
Nominal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8a11ee6-fd05-4b14-8bff-7d21a4c9a4cf%2Feec297b9-2f40-4025-a401-8c32665a438f%2Fhdcezo8.png&w=3840&q=75)
Transcribed Image Text:For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or
expense. The second answer identifies the account as real or nominal.
10. Interest income
V Asset
Liability
Equity
Revenue
Expense
V Real
Nominal
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