College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Chapter 2, Problem 2E

List the classification of each of the following accounts as A (asset), L (liability), OE (owner’s equity), R (revenue), or E (expense). Write Debit or Credit to indicate the increase side, the decrease side, and the normal balance side.

PART 1: The Accounting Cycle for a Service Business: Analyzing Business Transactions

Chapter 2, Problem 2E, List the classification of each of the following accounts as A (asset), L (liability), OE (owners

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Classify the following activities as part of the identifying (I), recording (R), or communicating (C) aspects of accounting.
Select the account classification that matches with the description. Descriptions a. Sales of products or services b. Owners' claims to resources. c. Distributions to stockholders d. Costs of selling products or services. e Resources of a company f Amounts owed. Account Classification

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College Accounting (Book Only): A Career Approach

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