Account Classifications For each of the following, indicate whether the account is classified as an (A) asset,

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Account Classifications For each of the following, indicate whether the account is classified as an (A) asset, (L)

liability, or (SE) stockholders’ equity item and whether the account balance has been increased or decreased by the activity:

. Debit accounts receivable.
. Debit bonds payable.
. Credit buildings and equipment.
. Debit retained earnings.
. Credit cash.
. Credit wages payable.
. Debit common stock.
. Credit retained earnings.
. Debit land.
. Debit accounts payable. ts @) [2s te)fr io ears) Ce

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Financial Accounting A Decision Making Approach

ISBN: 9780471328230

2nd Edition

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

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