Accounting Terms - Chapter 1

Classify: Cash

• Asset

• Liability

• Equity

Classify: Salaries Payable

• Asset

• Liability

• Equity

Classify: Accounts Payable

• Asset

• Liability

• Equity

Classify: Service Revenues

• Asset

• Liability

• Equity

Classify: Insurance Expense

• Asset

• Liability

• Equity

Classify: Prepaid Insurance

• Asset

• Liability

• Equity

Classify: Dividends

• Asset

• Liability

• Equity

Classify: Supplies

• Asset

• Liability

• Equity

Classify: Computers

• Asset

• Liability

• Equity

Classify: Interest Expense

• Asset

• Liability

• Equity