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Use the Following Code to Classify the Accounts Listed Below

Question 232

Short Answer

Use the following code to classify the accounts listed below by the appropriate balance sheet category:
a.Asset
b.Liability
c.Shareholders' equity
______ 1.Cash
______ 2.Accounts receivable
______ 3.Common stock
______ 4.Office computers
______ 5.Office supplies
______ 6.Accounts payable
______ 7.Factory equipment
______ 8.Salaries payable
______ 9.Accumulated depreciation
______ 10.Interest receivable

Correct Answer:

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