Ch 5-Account Classification

Cash in bank

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Accounts Receivable

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Accounts Payable

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

J. Smith, Capital

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

J. Smith, Withdrawals

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Advertising Expense

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Rent Expense

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

J. Gilfoy, Withdrawals

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Rent Expense

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Rent Revenue

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense