A chart of accounts is a list of all ledger accounts and an identification number for...

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A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L). equity (EQ). revenue (R). or expense (E) account a. Salaries Payable b Owner, Capital C. Interest Earned d. Utilities Expenses e Advertising Expenses Accounts Payable g Rent Revenue h Accounts Receivable i. Sales

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Answer 1

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Requirement		Answer
a	Salaries Payable	*Liability account*
b	Owner Capital	*Equity account*
c	Interest earned	*Revenue account*
d	Utilities expenses	*Expenses account*
e	Advertising expense	*Expenses account*
f	Accounts Payable	*Liability account*
g	Rent Expense	*Expenses account*
h	Accounts receivables	*Assets account*
i	Sales	*Revenue account*

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Answer 2

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