8. Salary expense a) Owner's equity b) Liabilities c) Assets 9. Rent payable a) Owner's equity b) Liabilities c) Assets 10. Rent expense a)Owner's equity b) Liabilities Assets 11. Consulting revenue Owner's equity a) b) Liabilities c) Assets 12. Service revenue a) Owner's equity b) Liabilities c) Assets 13. Owner's withdrawals a) Owner's equity b) Liabilities c) Assets 14. Owner's capital a) Owner's equity b) Liabilities c) Assets 3. Signify the item that most accurately describes an asset. a) An owner's claim on the business b) Revenue c) An economic resource that brought a past benefit to a business d) An economic resource that is expected to bring a future benefit to a business. e) Net income 4. Signify the item that most accurately describes owner's equity a) Obligations to outside parties b) Owner's withdrawals c) An owner's claim on the assets of the business E d) The assets of the business e) Net ihcome S. Signify the item that most accurately describes revenue. a) Accounts receivable b) Cash (and only cash) received from selling goods and services c) Assets received from selling goods and services d) Assets e) An owner's claim on the assets of the business