Classify each of the following a Liability, or Equity account. a. Store Supplies b. Prepaid Rent c. Furniture d. Office Equipment e. Wages Payable f. Unearned Revenue g. Equipment

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Chapter9: Sales And Purchases
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Problem 7QY: The schedule of accounts payable lists each creditors account balance, and the total equals the...
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Classify each of the following accounts as an Asset,
Liability, or Equity account.
a. Store Supplies
b. Prepaid Rent
c. Furniture
d. Office Equipment
e. Wages Payable
f. Unearned Revenue
g. Equipment
h. Notes Payable
i. Office Supplies
Transcribed Image Text:Classify each of the following accounts as an Asset, Liability, or Equity account. a. Store Supplies b. Prepaid Rent c. Furniture d. Office Equipment e. Wages Payable f. Unearned Revenue g. Equipment h. Notes Payable i. Office Supplies
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