QS 2-3 Reading a chart of accounts LO C3 A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L), equity (EQ), revenue (R), or expense (E) account. 0 Advertising Expense Bilis Payable Buildings c d Commissions Eemned e. Owner, Capital 1 Concessions Expanse Delivery Expense hEquipement 1 Food Drink Expense

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QS 2-3 Reading a chart of accounts LO C3
Content.
A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an
asset (A), liability (L), equity (EQ), revenue (R), or expense (E) account.
a. Advertising Expense
b. Bills Payable
c. Buildings
d Commissions Earned
e. Owner, Capital
1. Concessions Expense
19. Delivery Expense
h. Equipment
i Food Drink Expense
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Transcribed Image Text:K Me Graw Hill Cloudy //ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware tice: Connect Knowledge Check (due Day 5) i 2 X W S QS 2-3 Reading a chart of accounts LO C3 Content. A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L), equity (EQ), revenue (R), or expense (E) account. a. Advertising Expense b. Bills Payable c. Buildings d Commissions Earned e. Owner, Capital 1. Concessions Expense 19. Delivery Expense h. Equipment i Food Drink Expense # ** 3 E D $ 1 4 R F % X Ad Ter 5 T G Question 2-Wk 2 - Practice: Co x + 40 6 B O Y & 7 < Prax To * U N + Saved a A 2 H 8 H J 2 of fi # ¹ 144 1 M ( 9 K Next > Ten O O L 07 Pel 11 P [ J back spac bluse
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