Chapter 10 Review of Accounts and Self Test

Chapter 10 Review of Accounts and Self Test - Summary of...

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Summary of Accounts Introduced in Solid Footing Type of Account? Asset Contra-Asset Appears on Liability Which Financial Equity Statement? Revenue Balance Sheet Expense Income Statement Normal Is the Account Dividends Neither B/S or I/S Balance Closed? Assets: Cash Asset Balance Sheet Debit No Accounts Receivable Asset Balance Sheet Debit No Rent Receivable Asset Balance Sheet Debit No Interest Receivable Asset Balance Sheet Debit No Inventory Asset Balance Sheet Debit No Supplies Asset Balance Sheet Debit No Prepaid Rent Asset Balance Sheet Debit No Prepaid Insurance Asset Balance Sheet Debit No Prepaid Maintenance Asset Balance Sheet Debit No Equipment Asset Balance Sheet Debit No Accumulated Depreciation Contra-Asset Balance Sheet Credit No Liabilities: Accounts Payable Liability Balance Sheet Credit No Wages Payable Liability Balance Sheet Credit No Interest Payable Liability Balance Sheet Credit No Rent Payable Liability Balance Sheet Credit No Note Payable Liability Balance Sheet Credit
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Chapter 10 Review of Accounts and Self Test - Summary of...

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