Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 58

Enter the number for the item that best completes each of the descriptions below. 1. Asset
2) Equity
3) Account
4) Liability
5) Three
A) Accounts are arranged into ________ general categories.
B) Owner, Capital and Owner, Withdrawals are examples of ________ accounts.
C) Accounts Payable, Unearned Revenue, and Note Payable are examples of________ accounts.
D) Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of ________ accounts.
E) An ________ is a record of increases and decreases in a specific asset, liability, equity, revenue, or
Expense item.