Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 1 - Introduction to Financial Statements - Exercises - Page 30: E1-4

Answer

Accounts payable: L Accounts receivable: A Equipment: A Sales revenue: R Service revenue: R Inventory: A Mortgage payable: L Supplies expense: E Rent expense: E Salaries and wages expense: E

Work Step by Step

Accounts payable      _______ Accounts receivable _______ Equipment _______ Sales revenue _______ Service revenue _______ Inventory _______ Mortgage payable _______ Supplies expense _______ Rent expense _______ Salaries and wages expense _______
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