1

Identify the following as an asset (A), liability (L), or equity (E) by writing the letter...

Question

Identify the following as an asset (A), liability (L), or equity (E) by writing the letter...

Identify the following as an asset (A), liability (L), or equity (E) by writing the letter of the correct classification in the space provided.

Account

Classification

A. Contributed capital
B. Office equipment
C. Accounts payable
D. Common stock
E. Cash
F. Accounts receivable
G. Wages payable
H. Deferred revenue

Answers

Account Classification
A. Contributed capital E
B. Office equipment A
C. Accounts payable L
D. Common stock E
E. Cash A
F. Accounts receivable A
G. Wages payable L
H. Deferred revenue L


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