Asset, Liability, or Stockholder's Equity? Flashcards
1
Q
Accounts Payable
A
LIABILITY
2
Q
Cash
A
ASSET
3
Q
Accounts Receivable
A
ASSET
4
Q
Supplies
A
ASSET
5
Q
Prepaid Rent
A
ASSET
6
Q
Equipment
A
ASSET
7
Q
Salaries Payable
A
LIABILITY
8
Q
Unearned Service Revenue
A
LIABILITY
9
Q
Common Stock
A
STOCKHOLDER’S EQUITY
10
Q
Retained Earnings
A
STOCKHOLDER’S EQUITY
11
Q
Inventory
A
ASSET
12
Q
Long term notes Payable
A
LIABIYLIT
13
Q
Estimated refund liability
A
LIABILITY
14
Q
Accumulated depreciation, equipment
A
ASSET
15
Q
Estimated inventory returns
A
ASSET
