For each of the following accounts, select the correct account type. Accounts payable Accounts receivable Accumulated Depreciation: Build Building Capital Stock Cost of Goods Sold Depreciation Expense: Building Fees Earned Retained Earnings Prepaid Insurance Insurance Expense. Choose [Choose ] Stockholders' Equity Contra-Asset Expense Asset Liability Revenue [Choose ] [Choose ] [Choose ] [Choose ] [Choose ] [Choose ]

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For each of the following accounts, select the correct account type.
Accounts payable
Accounts receivable
Accumulated Depreciation: Build
Building
Capital Stock
Cost of Goods Sold
Depreciation Expense: Building
Fees Earned
Retained Earnings
Prepaid Insurance
Insurance Expense
[Choose ]
[Choose ]
Stockholders' Equity
Contra-Asset
Expense
Asset
Liability
Revenue
[ Choose ]
[Choose ]
[ Choose ]
[Choose ]
[Choose ]
[Choose ]
J
✓
Transcribed Image Text:For each of the following accounts, select the correct account type. Accounts payable Accounts receivable Accumulated Depreciation: Build Building Capital Stock Cost of Goods Sold Depreciation Expense: Building Fees Earned Retained Earnings Prepaid Insurance Insurance Expense [Choose ] [Choose ] Stockholders' Equity Contra-Asset Expense Asset Liability Revenue [ Choose ] [Choose ] [ Choose ] [Choose ] [Choose ] [Choose ] J ✓
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