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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 37
Classifying accounts
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (A) asset, (B) liability, (C) revenue, or (D) expense.
1. Accounts Receivable
2. Equipment
3. Fees Earned
4. Insurance Expense
5. Prepaid Advertising
6. Prepaid Rent
7. Rent Revenue
8. Salary Expense
9. Salary Payable
10. Supplies
11. Supplies Expense
12. Unearned Rent
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (A) asset, (B) liability, (C) revenue, or (D) expense.
1. Accounts Receivable
2. Equipment
3. Fees Earned
4. Insurance Expense
5. Prepaid Advertising
6. Prepaid Rent
7. Rent Revenue
8. Salary Expense
9. Salary Payable
10. Supplies
11. Supplies Expense
12. Unearned Rent
Explanation
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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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