Activity 2 Directions: Identify if the account is an asset, liability, equity, in or expense and indicate its normal balance. Owner's Account Asset Liabilities Income Expense Equity Accounts Receivable Accumulated Depreciation Advertising Expense Bonds Payable Building Cash 7. De Jesus, Capital De Jesus, Drawing Delivery Truck Interest Payable 10 11 Inventories 12 Land Mortgage Loans Notes Payable 13 14 15 16 17 Notes Receivable 18 19 20 21 Office Supplies Prepaid Expense Rent Expense Salaries Expense Salaries Payable Service Fees Income Supplies Expense Trading Securities 12 3456oN
Activity 2 Directions: Identify if the account is an asset, liability, equity, in or expense and indicate its normal balance. Owner's Account Asset Liabilities Income Expense Equity Accounts Receivable Accumulated Depreciation Advertising Expense Bonds Payable Building Cash 7. De Jesus, Capital De Jesus, Drawing Delivery Truck Interest Payable 10 11 Inventories 12 Land Mortgage Loans Notes Payable 13 14 15 16 17 Notes Receivable 18 19 20 21 Office Supplies Prepaid Expense Rent Expense Salaries Expense Salaries Payable Service Fees Income Supplies Expense Trading Securities 12 3456oN
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 6E: Label each of the following accounts as asset (A), liability (L), owners equity (OE), revenue (R),...
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