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
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
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PB: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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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)
9) Sales
10) Cost of Goods Sold
1) Inventory
2) Common Stock
3) Wages Expense
4) Wages Payable
5) Dividend Revenue
6)
7)
8) Vehicle
9) Income Tax Expense
10) Income Tax Payable
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