Question
Classify each of the following account names as an asset, liability, equity, revenue, or expense. Account Name Class 1. Vans & Trucks 2. Accounts Payable
Classify each of the following account names as an asset, liability, equity, revenue, or expense.
Account Name Class 1. Vans & Trucks 2. Accounts Payable 3. Sales of Service 4. Cash 5. Mortgage Payable 6. Store Supplies Prepaid 7. Capital 8. Accounts Receivable 9. Bank Loan Payable 10. Computers & Printers 11. Sales of Merchandise 12. Shipping Supplies Prepaid 13. Office Building & Warehouse 14. Interest Expense 15. HST Payable 16. Advertising Fees Earned 17. Office Supplies Expense 18. Parking Fees Earned 19. Salaries/Wages Expense 20. Taxes Expense
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