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Activity # 7 Application of the concepts of Assets, Liabilities, Owners Equity, Revenue, and Expense. The following table includes SFP and SCI elements. Put a
Activity # 7 Application of the concepts of Assets, Liabilities, Owners Equity, Revenue, and Expense.
The following table includes SFP and SCI elements. Put a check mark () in the column where each accounts belongs to.
Account | Asset | Liability | Ownwer's Equity | Revenue | Expenses |
1. Interest Receivable | |||||
2. Professional Fees | |||||
3. Service Income | |||||
4. Mr. A, Drawing | |||||
5. Doubtful Accounts | |||||
6. Depreciation Expense | |||||
7. Accrued Interest Income | |||||
8. Unearned Interest Income | |||||
9. Prepaid Interest | |||||
10. Accumulated Depreciation | |||||
11. Mortgage payable | |||||
12. Unused Supplies | |||||
13. Supplies Inventory | |||||
14. Supplies on hand | |||||
15. SSS Premium Expense | |||||
16. Withholding Taxes Payable | |||||
17. Repairs and Maintenance | |||||
18. Petty cash Fund | |||||
19. Allowance for Bad Debts | |||||
20. Cash in bank | |||||
21. Accounts payable | |||||
22. Prepaid Insurance | |||||
23. Unexpired Insurance | |||||
24. Salaries payable | |||||
25. Utilities Expense | |||||
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