From the following, which are subdivisions of owner's equity? Subdivision of Owner's Equity? Account a. Vehicles No b. Accounts Receivable No C. J. Penny, Capital Yes d. Advertising Expense Yes e. Accounts Payable No f. Taxi Fees Earned Yes g. J. Penny, Withdrawals Yes h. Computer Equipment No

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 3QY: Which of the following accounts would increase owners equity? a. Cash b. Accounts Payable c....
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From the following, which are subdivisions of owner's equity?
Subdivision of
Owner's Equity?
Account
No
a. Vehicles
b. Accounts Receivable
No
C.
J. Penny, Capital
Yes
d. Advertising Expense
Yes
e.
Accounts Payable
No
f.
Taxi Fees Earned
Yes
J. Penny, Withdrawals
Yes
h. Computer Equipment
No
Transcribed Image Text:From the following, which are subdivisions of owner's equity? Subdivision of Owner's Equity? Account No a. Vehicles b. Accounts Receivable No C. J. Penny, Capital Yes d. Advertising Expense Yes e. Accounts Payable No f. Taxi Fees Earned Yes J. Penny, Withdrawals Yes h. Computer Equipment No
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