Which of the following would start with a 1 in the chart of accounts?
A) Land and buildings
B) Depreciation expense and marketing expense
C) Merchandise sales and rent revenue
D) Common shares and cash
E) Accounts Payable and Notes Payable
Correct Answer:
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Q5: Items of value that a company owns
Q6: Which of the following is a revenue
Q7: Dividends, revenues, and expenses all:
A) start with
Q8: An account starting with a number 1
Q9: Accounts that start with the numbers 6-9
Q11: Accounts starting with the number 4 would
Q12: The order in which accounts appear in
Q13: The shareholders' equity section would include the
Q14: Marketing expenditures account 511 would belong to
Q15: Dividends are paid with cash to shareholders.
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