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Which of the following are contra-accounts, and which contra-accounts are they partnered with? 1. Cash 2. Inventory 3. Supplies 4. Prepaid expenses (Rent or insurance)
Which of the following are contra-accounts, and which contra-accounts are they partnered with? 1. Cash 2. Inventory 3. Supplies 4. Prepaid expenses (Rent or insurance) 5. Land 6. Building, machinery, equipment 7. Accumulated Depreciation 8. Accounts payable 9. Salaries (Wages) payable 10. Interest payable 11. Unearned (Deferred) revenue 12. Notes Payable 13. Bonds Payable 14. Common stock 15. Retained earnings 16. Dividends 17. Sales revenue 18. Costs of goods sold 19. Salaries expense 20. Employee benefit expense 21. Rent expense 22. Supply expense 23. Utilities expense 24. Interest expense 25. Tax expense 26. Depreciation expense
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