Essay
Classify the following as an asset, liability, revenue, or expense.
(1)Unearned revenue
(2)Office equipment
(3)Wages payable
(4)Salary expense
(5)Dividends payable
(6)Art fees earned
(7)Prepaid rent
(8)Accounts receivable
(9)Income tax expense
(10)Office supplies
Correct Answer:
Verified
(1)Liability
(2)Asset
(3)Liabi...View Answer
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Correct Answer:
Verified
(2)Asset
(3)Liabi...
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