Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a)

Question:

Balances for each of the following accounts appear in an adjusted trial balance. Identify each as

(a) asset,

(b) liability,

(c) revenue, or

(d) expense.

1. Accounts Receivable 7. Rent Revenue 2. Fees Earned 8. Salary Expense 3. Insurance Expense 4. Land 5. Prepaid Advertising 6. Prepaid Insurance 9. Salary Payable 10. Supplies 11. Supplies Expense 12. Unearned Rent objs. 2,3

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