Week 4 Account Classifications

Building is

• Asset

• Liability

• Revenue

• Expense

Equipment

• Asset

• Liability

• Revenue

• Expense

Loan

• Asset

• Liability

• Revenue

• Expense

Insurance paid

• Asset

• Liability

• Revenue

• Expense

Sales of product

• Asset

• Liability

• Revenue

• Expense

Rent received

• Asset

• Liability

• Revenue

• Expense

Rent paid

• Asset

• Liability

• Revenue

• Expense

Accounts Payable

• Asset

• Liability

• Revenue

• Expense

Accounts Receivable

• Asset

• Liability

• Revenue

• Expense

Wages

• Asset

• Liability

• Revenue

• Expense