Question
What Category does each account belong in? Place an A in the Asset column if an Asset, an L in the Liability column if a
What Category does each account belong in? Place an "A" in the Asset column if an Asset, an "L" in the Liability column if a Liability, "E" if Equity, "R" if Revenue, and "X" if E(X)pense You may submit this either through Canvas or printed and handwritten
Your choices are: (A)sset (L)iability (E)quity** (R)evenue E(X)pense
Accounts Payable
Accounts Receivable
Auto Expense
Building
Cash
Cash-Savings Account
Commissions Revenue
Computers
Entertainment Expense
Fees Revenue
Furniture
Interest Payable
Interest Revenue
Land
Licenses Expense
Notes Payable
Office Equipment
Office Supplies
Owner, Capital
Owner, Withdrawals
Postage Expense
Prepaid Insurance
Salary Expense
Sales Revenue
Service Revenue
Supplies Expense
Taxes Expense
Telephone Expense
Unearned Revenue
Utilities Expense
**Equity includes only: Capital Withdrawals
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