Classify the following items as investment by owner (I), owners drawings (D), revenues (R), or expenses (E).
Question:
(1) Drawings
(2) Rent Revenue
(3) Advertising Expense
(4) Owner puts personal assets into the business
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1 Drawings is owners drawings D it decreases owners equit...View the full answer
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Related Book For 
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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