Parrish Ch. 3 pg. 55-56Please tell me if the following accounts are Assets, Liabilities, Equity, Revenue, or Expense.1) Acounts Payable2) Dividends Declared3) Rent Expense4) Mortgage Payable5) Interest Revenue6) Office Building7) Prepaid Rent8) Depreciation Expense9) Sales10) Cost of Goods Sold 1) Inventory2) Common Stock3) Wages Expense4) Wages Payable5) Dividend Revenue6) Retained Earnings7) Accumulated Depreciation 8) Vehicle9) Income Tax Expense10) Income Tax Payable

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Asked Nov 23, 2019
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Parrish Ch. 3 pg. 55-56

Please tell me if the following accounts are Assets, Liabilities, Equity, Revenue, or Expense.

1) Acounts Payable

2) Dividends Declared

3) Rent Expense

4) Mortgage Payable

5) Interest Revenue

6) Office Building

7) Prepaid Rent

8) Depreciation Expense

9) Sales

10) Cost of Goods Sold

 

1) Inventory

2) Common Stock

3) Wages Expense

4) Wages Payable

5) Dividend Revenue

6) Retained Earnings

7) Accumulated Depreciation 

8) Vehicle

9) Income Tax Expense

10) Income Tax Payable

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Expert Answer

Step 1

Following table shows the...

Accounts
1) Acounts Payable
2) Dividends Declared
3) Rent Expense
4) Mortgage Payable
Туре
Liability
Liability
Expense
Liability
Revenue
Asset
Asset
Expense
Revenue
Expense
5) Interest Revenue
6) Office Building
7) Prepaid Rent
8) Depreciation Expense
9) Sales
10) Cost of Goods Sold
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Accounts 1) Acounts Payable 2) Dividends Declared 3) Rent Expense 4) Mortgage Payable Туре Liability Liability Expense Liability Revenue Asset Asset Expense Revenue Expense 5) Interest Revenue 6) Office Building 7) Prepaid Rent 8) Depreciation Expense 9) Sales 10) Cost of Goods Sold

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