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S1-8 Identifying accounts Consider the following accounts: a. b. C. d. e. f. g. h. i. j. Accounts Payable Cash Common Stock Accounts Receivable
S1-8 Identifying accounts Consider the following accounts: a. b. C. d. e. f. g. h. i. j. Accounts Payable Cash Common Stock Accounts Receivable Rent Expense Service Revenue Office Supplies Dividends Land Salaries Expense Identify each account as Asset (A), Liability (L), or Equity (E). E1-20 Using the accounting equation Compute the missing amount in the accounting equation for each entity from the financial information presented: Assets Liabilities Equity Hair Styles S? $ 36,000 $ 36,000 Style Cuts 90,000 ? Your Basket 101,000 68,000 48,000 2
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