Essay
Identify each of the following accounts as a revenue (R),expense (E),asset (A),liability (L),or equity (SE)by placing initials (R,E,A,L or SE)in the blanks.
____ 1.Salary Expense
____ 2.Cash
____ 3.Equipment
____ 4.Common Stock
____ 5.Fees Revenue
____ 6.Accounts Receivable
____ 7.Accounts Payable
____ 8.Dividends
____ 9.Supplies
____ 10.Unearned Revenue
____ 11.Prepaid Insurance
____ 12.Office Furniture
Correct Answer:

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1.E; 2.A; 3.A; 4.SE;...View Answer
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