Matching
Match the letter corresponding to one of the basic elements of accounting to each of the accounts below.
Premises:
P. Coyote, Drawing
Prepaid Rent
Supplies
Advertising Expense
Cash
Utility Expense
P. Coyote, Capital
Accounts Payable
Wages Expense
Fees Earned
Responses:
E = Expense
OE = Owner's Equity
L = Liability
R = Revenue
A = Asset
Correct Answer:
Premises:
Responses:
P. Coyote, Drawing
Prepaid Rent
Supplies
Advertising Expense
Cash
Utility Expense
P. Coyote, Capital
Accounts Payable
Wages Expense
Fees Earned
Premises:
P. Coyote, Drawing
Prepaid Rent
Supplies
Advertising Expense
Cash
Utility Expense
P. Coyote, Capital
Accounts Payable
Wages Expense
Fees Earned
Responses:
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