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Classify each account type (asset, liability, equity, revenue or expense), and identify which financial statement it would be reported on: Account Account Type Financial Statement
Classify each account type (asset, liability, equity, revenue or expense), and identify which financial statement it would be reported on:
Account | Account Type | Financial Statement |
1. Cost of Goods Sold | ||
2. Inventory | ||
3. Retained Earnings | ||
4. Accounts Payable | ||
5. Land | ||
6. Dividends | ||
7. Service Revenue | ||
8. Prepaid Expense | ||
9. Long Term Debt | ||
10. Common Shares |
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