Multiple Choice
Which of the following would start with a 1 in the chart of accounts?
A) Land and buildings
B) Depreciation expense and marketing expense
C) Merchandise sales and rent revenue
D) Common shares and cash
E) Accounts Payable and Notes Payable
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q20: A type of company asset in which
Q21: The sunglasses Hut pays wages in the
Q22: The difference between the total debits and
Q23: The fact that each transaction has a
Q24: Emily Ma started an Energy Saving Service
Q26: A T-account has a $759 debit balance.
Q28: Complete the chart below.<br>For each of the
Q29: Expenses paid in advance such as rent
Q115: A T-account is a way to visualize
Q119: Transactions are recorded in order of the