Identify the following as an asset (A), liability (L), or equity (E) by writing the letter...
Identify the following as an asset (A), liability (L), or equity (E) by writing the letter of the correct classification in the space provided.
|
Account |
Classification |
| A. | Contributed capital | |
| B. | Office equipment | |
| C. | Accounts payable | |
| D. | Common stock | |
| E. | Cash | |
| F. | Accounts receivable | |
| G. | Wages payable | |
| H. | Deferred revenue |
Homework Answers
| Account | Classification | |
| A. | Contributed capital | E |
| B. | Office equipment | A |
| C. | Accounts payable | L |
| D. | Common stock | E |
| E. | Cash | A |
| F. | Accounts receivable | A |
| G. | Wages payable | L |
| H. | Deferred revenue | L |
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