Homework Answers
Solution:
| a. | Postage expense | / |
| b. | Interest expense | / |
| c. | Prepaid insurance | B |
| d. | Prepaid rent | B |
| e. | Legal expense | / |
| f. | Repairs expense | / |
| g. | Factory | B |
| h. | Supplies | B |
| i. | Insurance expense | / |
| j. | Unearned revenue | B |
| k. | Unearned subscriptions | B |
| l. | Rental revenue | / |
/ = Income statement
B = Balancesheet
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