Which accounts would be recorded as a liability on the balance sheet? Accounts R

Question

Which accounts would be recorded as a liability on the balance sheet?

Accounts Receivable Allowances for Doubtful Accounts Accumulated Depreciation- Building Accumulated Depreciation- Equipment Accumulated Amortization Building Cash Equipment Goodwill Patents Inventory Land Prepaid Insurance Accounts Payable Notes Payable Unearned Revenue Interest Payable Common Stock ($5Par) Paid-in Capital in Excess of Par Value Retained Earnings Sales Sales Returns and Allowances Amortization Expense Bad Debt Expense Cost of Goods Sold Depreciation Expense- Building Depreciation Expense- Equipment Interest Expense Insurance Expense Entertainment Expense Postage Expense Miscellaneous Expense Gain/Loss on Disposal of Equipment Rent Expense Utility Expense Wages and Salaries Expense

Explanation / Answer

Fllowing accounts will be classified as liability A/cs

Accounts Payable Liability   Notes Payable Liability   Unearned Revenue Liability   Interest Payable Liability  

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