Bundle: College Accounting: A Career Approach, Loose-leaf Version, 13th + Quickbooks Online + Working Papers With Study Guide
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Chapter 1, Problem 6E

Label each of the following accounts as asset (A), liability (L), owner’s equity (OE), revenue (R), or expense (E).

  1. a. Supplies
  2. b. Professional Fees
  3. c. Prepaid Insurance
  4. d. M. Jones, Drawing
  5. e. Accounts Payable
  6. f. Service Income
  7. g. M. Jones, Capital
  8. h. Office Equipment
  9. i. Accounts Receivable
  10. j. Salary Expense
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