Matching
Indicate whether each of the following would be reported in the section of financial statements identified as current assets,property, plant, and equipment,current liabilities, revenues, or expenses.
Premises:
Salaries payable
Prepaid rent
Accumulated depreciation
Advertising expense
Automobile
Unearned rent
Fees earned
Rent expense
Store supplies
Responses:
current assets
expenses
property, plant, and equipment
current liabilities
revenues
Correct Answer:
Premises:
Responses:
Salaries payable
Prepaid rent
Accumulated depreciation
Advertising expense
Automobile
Unearned rent
Fees earned
Rent expense
Store supplies
Premises:
Salaries payable
Prepaid rent
Accumulated depreciation
Advertising expense
Automobile
Unearned rent
Fees earned
Rent expense
Store supplies
Responses:
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