Accounting Semester Exam REVIEW

How is the account classified?

CASH

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

SALES

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

SUPPLIES-OFFICE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

RENT EXPENSE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

UTILITIES EXPENSE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

CAPITAL

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

ACCOUNTS PAYABLE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

PREPAID INSURANCE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

ACCOUNTS RECEIVABLE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

How is the account classified?

MISCELLANEOUS EXPENSE

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense