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Use the Following Code to Classify the Accounts Listed Below

Question 234

Short Answer

Use the following code to classify the accounts listed below by the appropriate category:
a.Revenue
b.Expense
c.Neither a revenue nor an expense
______ 1.Retained earnings
______ 2.Prepaid insurance
______ 3.Interest expense
______ 4.Accumulated depreciation
______ 5.Salaries expense
______ 6.Sales
______ 7.Unearned revenue

Correct Answer:

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