Warm-up: Elements of Statement of Comprehensive Income Identify the correct dassification of each of the accounts listed. Put a check mark () in the appropriate column. Owner's Account Asset Liability Revenue Expens Equity Accounts Payable Accrued Interest Income Accumulated Depreciation Allowance for Bad Debts Cash in Bank Depreciation Expense Bad Debts Expense Interest Receivable K. De Pedro, Drawing Mortgage Payable Petty Cash Fund Prepaid Insurance Prepaid Interest Professional Fees Repairs and Maintenance Expense Salaries Payable Service Income SSS Premium Expense Supplied on Hand Supplies Inventory Uneamed Interest Income Unexpired Insurance Unuced Sunpliee
Warm-up: Elements of Statement of Comprehensive Income Identify the correct dassification of each of the accounts listed. Put a check mark () in the appropriate column. Owner's Account Asset Liability Revenue Expens Equity Accounts Payable Accrued Interest Income Accumulated Depreciation Allowance for Bad Debts Cash in Bank Depreciation Expense Bad Debts Expense Interest Receivable K. De Pedro, Drawing Mortgage Payable Petty Cash Fund Prepaid Insurance Prepaid Interest Professional Fees Repairs and Maintenance Expense Salaries Payable Service Income SSS Premium Expense Supplied on Hand Supplies Inventory Uneamed Interest Income Unexpired Insurance Unuced Sunpliee
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer the following
Transcribed Image Text:Warm-up: Elements of Statement of Comprehensive Income
Identify the correct dassification of each of the accounts listed. Put a check mark () in the appropriate
column.
Owner's
Account
Asset
Liability
Revenue
Expense
Equity
Accounts Payable
Accrued Interest Income
Accumulated Depreciation
Allowance for Bad Debts
Cash in Bank
Depreciation Expense
Bad Debts Expense
Interest Receivable
K. De Pedro, Drawing
Mortgage Payable
Petty Cash Fund
Prepaid Insurance
Prepaid Interest
Professional Fees
Repairs and Maintenance Expense
Salaries Payable
Service Income
SSS Premium Expense
Supplied on Hand
Supplies Inventory
Uneamed Interest Income
Unexpired Insurance
Unused Supplies
Utilities Expense
Withholding Taxes Payable
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