Indicate whether each of the following represents an asset, liability, or owner's equity. Accounts Payable; Wages...
Indicate whether each of the following represents an asset, liability, or owner's equity. Accounts Payable; Wages Earned; Capital; Accounts Receivable; Owners Withdrawal; Land?
Homework Answers
| Accounts Payable | Liability |
| Wages Earned | Owner's equity |
| Capital | Owner's equity |
| Accounts Receivable | Asset |
| Owners Withdrawal | Owner's equity |
| Land | Asset |
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Indicate whether each of the following represents an asset,
liability, or owner's equity. Accounts Payable; Wages...
Identification of Accounts E6A. I. Indicate whether each of the following accounts is an asset (A),...
Identification of Accounts E6A. I. Indicate whether each of the following accounts is an asset (A), a liability (L), or a LO3 part of owner's equity (OF) a. Building b Salaries Payable e. Cash f. Accounts Payable g Equipment Accounts Receivable d. Owner's Capital 2. Indicate whether each account that follows would be shown on the income state ment (IS), the statement of owner's equity (OE), or the balance sheet (BS). a. Commissions Earned b. Automobile c Utilities Expense e....
Obj. 3 EX 1-8 Asset, liability, and stockholders' equity items Indicate whether each of the following...
Obj. 3 EX 1-8 Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or。) stockholders' equity A. accounts payable B. cash D. land E supplies F wages expense fees earned
Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1)...
Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders' equity: a. Accounts payable b. Accounts receivable c. Fees earned d. Supplies e. Supplies expense f. Utilities expense Liability Stockholders' equity Stockholders' equity
Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1)...
Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders' equity: a. Accounts payable b. Accounts receivable c. Fees earned d. Supplies e. Supplies expense f. Utilities expense
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders'...
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
4. Classify the following accounts either as an "asset, "liability" or "equity" A. Asset L. Liability...
4. Classify the following accounts either as an "asset, "liability" or "equity" A. Asset L. Liability E. Equity Owner's capital Unearned revenue Buildings Medical Equipment Cash Medical Supplies Accounts Payable Owner's withdrawals Prepaid Accounts Accounts receivable Accrued Liabilities Inventory · Revenues Short-term notes payable Expenses
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account:(b) the normal balance of the account: (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account.
In what section of the Accounting Equation does each of the following accounts go (Asset. Liability,...
In what section of the Accounting Equation does each of the following accounts go (Asset. Liability, or Owner's Equity)?: (a) Wages Payable (b) Supplies Expense (c) Natalie Waddell, Drawing (d) Accounts Receivable (e) Natalie Waddell. Capital (f) Supplies
On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000....
On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000. During March, he withdrew $31,000 from the business. The amounts of the various assets, liabilities, revenues, and expenses are as follows Accounts payable Accounts receivable Cash Fees earned Insurance expense Land Miscellaneous expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense s 10,250 45,950 19,390 60,500 1,275 85,400 1,210 3,000 9,000 20,300 900 525 2,800 Present, in good form, (a) an...
Problem 1 Classify each of the following accounts as an asset (A), liability (L), or equity...
Problem 1 Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) accoun Accounts Payable Short-Term Investments Land Mortgage Payable Capital Common Stock Issued Prepaid Rent Expense Repair Parts Inventory Accounts Receivable Investments Building Sales Tax Payable Withdrawals Retained Earnings Food Inventory Paid-In Capital
Identification of Accounts E6A. I. Indicate whether each of the following accounts is an asset (A), a liability (L), or a LO3 part of owner's equity (OF) a. Building b Salaries Payable e. Cash f. Accounts Payable g Equipment Accounts Receivable d. Owner's Capital 2. Indicate whether each account that follows would be shown on the income state ment (IS), the statement of owner's equity (OE), or the balance sheet (BS). a. Commissions Earned b. Automobile c Utilities Expense e....
Obj. 3 EX 1-8 Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or。) stockholders' equity A. accounts payable B. cash D. land E supplies F wages expense fees earned
Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders' equity: a. Accounts payable b. Accounts receivable c. Fees earned d. Supplies e. Supplies expense f. Utilities expense Liability Stockholders' equity Stockholders' equity
Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders' equity: a. Accounts payable b. Accounts receivable c. Fees earned d. Supplies e. Supplies expense f. Utilities expense
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
4. Classify the following accounts either as an "asset, "liability" or "equity" A. Asset L. Liability E. Equity Owner's capital Unearned revenue Buildings Medical Equipment Cash Medical Supplies Accounts Payable Owner's withdrawals Prepaid Accounts Accounts receivable Accrued Liabilities Inventory · Revenues Short-term notes payable Expenses
In what section of the Accounting Equation does each of the following accounts go (Asset. Liability, or Owner's Equity)?: (a) Wages Payable (b) Supplies Expense (c) Natalie Waddell, Drawing (d) Accounts Receivable (e) Natalie Waddell. Capital (f) Supplies
On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000. During March, he withdrew $31,000 from the business. The amounts of the various assets, liabilities, revenues, and expenses are as follows Accounts payable Accounts receivable Cash Fees earned Insurance expense Land Miscellaneous expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense s 10,250 45,950 19,390 60,500 1,275 85,400 1,210 3,000 9,000 20,300 900 525 2,800 Present, in good form, (a) an...
Problem 1 Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) accoun Accounts Payable Short-Term Investments Land Mortgage Payable Capital Common Stock Issued Prepaid Rent Expense Repair Parts Inventory Accounts Receivable Investments Building Sales Tax Payable Withdrawals Retained Earnings Food Inventory Paid-In Capital
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