1(a)

Sales returns & allowances is a(n) account. If this is a contra account, select the category to which it is contra. For example, for a contra equity account, choose Equity.

Asset

Liability

Equity

Revenue

Expense

1(b)

Unearned Revenue is a(n). account. if this is a contra- account, select the category to which it is contra. For example, for a contra-equity account, choose Equity.

Asset

liability

equity

revenue

expense

1(c)

Costs of goods sold is a(n) account. if this is a contra-account, select the category to which it is contra, For example, for a contra-equity account, choose equity

asset

liability

equity

revenue

expense

1(d)

Sales is a(n) account if this is a contra- account, select this category to which it is contra. For example, for a contra-equity account, choose equity.

asset

liability

equity

revenue

expense