Superior Interiors is owned and operated by Ken Lopez, an interior decorator. In the ledger of Superior Interiors, the first digit of the account number indicates its major account classification (1 -assets, 2–liabilities, 3-stockholders' equity, 4-revenues, 5-expenses). The second digit of the account number indicates the specific account within each of the preceding major account classifications. Match each account number with its most likely account in the list that follows. The account numbers are 11, 12, 13, 21, 31, 32, 33, 41, 51, 52, and 53. Account Account Number Accounts Payable Accounts Receivable Cash Common Stock Dividends Fees Earned Land Miscellaneous Expense Retained Earnings Supplies Expense Wages Expense

Superior Interiors is owned and operated by Ken Lopez, an interior decorator. In the ledger of Superior Interiors, the first digit of the account number indicates its major account classification (1 -assets, 2–liabilities, 3-stockholders' equity, 4-revenues, 5-expenses). The second digit of the account number indicates the specific account within each of the preceding major account classifications. Match each account number with its most likely account in the list that follows. The account numbers are 11, 12, 13, 21, 31, 32, 33, 41, 51, 52, and 53. Account Account Number Accounts Payable Accounts Receivable Cash Common Stock Dividends Fees Earned Land Miscellaneous Expense Retained Earnings Supplies Expense Wages Expense

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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