Question 1: Please tell me what type of account, if it's a Real or Nominal, and if it's a DR or CR1) Accounts Payable2) Service fees avenue3) Tax expense4) Cash5) Interest Receivable6) Accounts Receivable7) Smith, Drawings8) Retained Earnings9) Depreciation Expense10) Interest IncomeQuestion 2: Are the following accounts Assets, Liabilities, or Equity?1) Accounts Receivable2) Smith, Capital3) Wages Payable4) Cash5) Inventory6) Taxes Payable7) Additional Paid-in-Capital8) Retained Earnings9)Buildings10)LandQuestion 3: For each please provide type of account as either Asset, Liability, Equity. Also if they are Real or Nominal1) Inventory2) Bonds Payable3) Common Stock4) Prepaid Insurance5) Sales6) Cost of Goods Sold7) Supplies Expense8) Supplies on hand9) Wages payable10) Mortgage Payable

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 1: Please tell me what type of account, if it's a Real or Nominal, and if it's a DR or CR
1) Accounts Payable
2) Service fees avenue
3) Tax expense
4) Cash
5) Interest Receivable
6) Accounts Receivable
7) Smith, Drawings
8) Retained Earnings
9) Depreciation Expense
10) Interest Income

Question 2: Are the following accounts Assets, Liabilities, or Equity?
1) Accounts Receivable
2) Smith, Capital
3) Wages Payable
4) Cash
5) Inventory
6) Taxes Payable
7) Additional Paid-in-Capital
8) Retained Earnings
9)Buildings
10)Land
Question 3: For each please provide type of account as either Asset, Liability, Equity. Also if they are Real or Nominal
1) Inventory
2) Bonds Payable
3) Common Stock
4) Prepaid Insurance
5) Sales
6) Cost of Goods Sold
7) Supplies Expense
8) Supplies on hand
9) Wages payable
10) Mortgage Payable

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