Question
Examine each account below. Identify it as an ASSET, a LIABILITY, or OWNER'S EQUITY account. Number Item Click to Answer Results (1=correct, 0=incorrect) FILL IN
Examine each account below. Identify it as an ASSET, a LIABILITY, or OWNER'S EQUITY account. Number Item Click to Answer Results (1=correct, 0=incorrect) FILL IN THE PINK CELLS ONLY 1a. Equipment Choose one: 0 1b. Accounts Payable Choose one: 0 1c. Rent Expense Choose one: 0 1d. Cash Choose one: 0 1e. Accounts Payable Choose one: 0 1f. Service Revenue Choose one: 0 1g. Smith Capital Choose one: 0 1h. Accounts Receivable Choose one: 0 1i. Land Choose one: 0 1j. Building Choose one: 0 Total 0 2 INSTRUCTIONS Replace the question mark with the correct dollar amount. Hint: ASSETS = LIABILITIES + OWNER'S EQUITY ASSETS LIABILITIES OWNER'S EQUITY Results (1=correct, 0=incorrect) 2a. 100,000 50,000 0 2b. 250,000 ? 100,000 0 2c. ? 600,000 300,000 0 2d. 400,000 150,000 ? 0 2e. 900,000 750,000 ?
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