Revenues consist of amounts earned by a business, such as fees earned for performing services, income from selling merchandise, rent income from tenants for the use of property, and interest earned for lending money. Expenses are the costs of earning revenue-that is, of doing business-such as wages expense, rent expense, interest expense, and advertising expense.

Identify the revenue and expense accounts from the following list of accounts. If the account is a revenue account, drag account to the revenue box. If the account is an expense account, drag the account name to the expense box. If it is neither, again drag to the neither box.

Please place the answers in alphabetical order.

Notes Payable

Wages Expense

Rent Expense

Accounts Payable

K. Nelson,Capital

Building

Accounts Receivable

Professional Fees Earned

Utilities Expense

Service Fees

Revenues consist of amounts earned by a business, such as fees earned for performing services, income from selling merchandise, rent income from tenants for the use of property, and interest earned for lending money. Expenses are the costs of earning revenue-that is, of doing business-such as wages expense, rent expense, interest expense, and advertising expense. Identify the revenue and expense accounts from the following list of accounts. If the account is a revenue account, drag account to the revenue box. If the account is an expense account, drag the account name to the expense box. If it is neither, again drag to the neither box. Please place the answers in alphabetical order. REVENUE EXPENSE NEITHER Notes Payable Accounts Payable Professional Fees Earned Wages Expense K. Nelson, Capital Accounts Receivable Rent Expense Building Utilities Expense Service Fees