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Question 2 (10 points) A summary of selected ledger accounts appear below for S. Ball for the current calendar year Answer qu
Question 5 (6U points) Classify each of the following account types by selecting options 1 through 5. Accounts Receivable 5 B
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Answer #1

Answer-1-Net Income is credited to S.Ball 's capital account so the correct answer is b.$4,250.

Answer-2-

Classification Accounts Name
Current Assets Accounts Receivable
Equity Brandon Jones, Capital
Current Liabilities Salaries Payable
Current Assets Supplies
Fixed Assets Equipment
Fixed Assets Land
Long-Term Liability Mortgage
Current Liability Accounts Payable
Current Liability Unearned Revenue
Current Asset Cash

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