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Classify each of the following accounts as an Asset, Liability, or Equity account. a. Office Supplies b. Interest Payable c. Unearned Fee Revenue d. Supplies

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Classify each of the following accounts as an Asset, Liability, or Equity account. a. Office Supplies b. Interest Payable c. Unearned Fee Revenue d. Supplies e. Store Supplies f. Utilities Payable g. Buildings h. Taxes Payable i. Prepaid Rent A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an Asset, Liability, Equity, Revenue, or Expense account a. Subscription Revenue b. Rent Expense c. Rent Receivable d. Services Revenue e. Repair Expense f. Salaries Expense g. Salaries Payable h. Sales 1. Selling Expense A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an Asset, Liability. Equity, Revenue, or Expense account. a. Subscription Revenue b. Rent Expense c. Rent Receivable d. Services Revenue e. Repair Expense f. Salarios Expense g. Salaries Payable h. Sales 1. Selling Expense Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Interest Payable b. Salaries Payable c. Notes Receivable d. Office Supplies e. Office Equipment f. Store Equipment Identify whether a debit or credit results in the indicated change for each of the following accounts a. To increase Furniture b. To decrease Office Equipment c. To increase Postage Expense d. To increase Commission Revenue e. To decrease Notes Receivable 1. To decrease Trucks g. To increase Unearned Revenue h. To decrease Land 1. To increase Accounts Payable 1. To increase Factory Determine the ending balance of each of the following T-accounts. Cash 250 200 Accounts Payable 3,500 12,500 5,500 450 210 170 Supplies 11,500 2,600 5,300 Accounts Receivable 1,350 300 300 300 250 Wages Payable 850 Cash 15,500 950 850 6,000 7,500 2,800 250 For each transaction. (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. Use the following partial chart of accounts-account numbers in parentheses: Cash (101): Accounts Receivable (106): Office Supplies (124): Trucks (153); Equipment (167). Accounts Payable (201). Unearned Landscaping Revenue (236). Common Stock (307), Dividends (319): Landscaping Revenue (403): Wages Expense (601), and Landscaping Expense (696). a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $89,000 In cash along with equipment having a $49,000 value in exchange for common stock. b. On May 21. Elegant Lawns purchases office supplies on credit for $660. c. On May 25. Elegant Lawns receives $9,700 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $2,900 cash in advance of providing landscaping services to a customer. Complete this question by entering your answers in the tabs below. Analyze General Journal T accounts For each of the above transaction, analyze the transaction using the accounting equation. (Enter total amounts only) Assets Liabilities Equity a. b. + C. ### d. + + General Journal >

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