Identify each of the following accounts as a revenue, expense, asset, liability equity by placing...

70.2K

Verified Solution

Question

Accounting

image
Identify each of the following accounts as a revenue, expense, asset, liability equity by placing initials (R, Ex, A, L or Eq) in the blanks. (6 Marks) (1) Rent Expense (2) Cash (3) Equipment -(5) Fees Earned (7) Accounts Payable (9) Supplies (4) Owner, Capital (6) Accounts Receivable (8) Owner, Withdrawals (10) Unearned Revenue (11) Prepaid insurance (12) Sales liua Transactions-Chapter 2

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students