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Assets = Liabilities + Capital - Drawing + Revenue - Expenses Instructions: The table below lists accounts. Classify each account. Write the name of the
Assets = Liabilities + Capital - Drawing + Revenue - Expenses Instructions: The table below lists accounts. Classify each account. Write the name of the account classification to the right of the account title, in the table. The first line has been completed for you. When you're done, answer the questions that follow. Account Account Account Classification Account Classification Wages Payable Liability Massage Therapy Revenue Cash Delivery Truck Jones, Capital Office Building Accounts Receivable Studio Fees Income Electricity Expense Prepaid Advertising Rent Revenue Social Security Payable Accounts Payable Jones, Drawing Insurance Expense Prepaid Insurance Baking Supplies Expense Building Mortgage Payable Yard Maintenance Revenue Payroll Tax Expense Showroom Fixtures Gas Expense Office Rent Expense What's similar about the account titles for liabilities? What's similar about the account titles for expenses? What's similar about the account titles for revenues
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