Take a Test-Hayle Sanford-Google Chrome ? Secure https://www.mathxl.com/Student/

Question

Take a Test-Hayle Sanford-Google Chrome ? Secure https://www.mathxl.com/Student/PlayerTest.aspx?testid-1832 70700&cente; insyes PRIN of ACCT 1 (60) SUM18 (Coates) Quiz: Chapter 2 Quiz This Question: 10 pts 2 of 2 (0 complete) Consider the following accounts and identify each as an asset (A), liability (L), or equity (E) 1. Rent Expense 2. Brock, Capital 3. Furniture 4. Service Revenue 5. Prepaid Insurance 6.Accounts Payable 7. Unearned Revenue 8. Notes Receivable 9.Brock, Withdrawals 10.Insurance Expense Choose from any drop-down list and then continue to th

Explanation / Answer

1. Rent expense -------- Equity (E)

2. Brock, capital -------- Equity (E)

3.Furniture ---------------- Assets (A)

4. Service revenue ----- Equity (E)

5. Prepaid insurance --- Assets (E)

6 Accounts payable ---- Liability (L)

7. Unearned revenue --- Liability (L)

8. Notes Receivable --- Assets (A)

9. Brock, Withdrawal --- Equity (E)

10. Insurance Expense ---Equity (E)

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.