Asset, Liability, SE, Revenue, or Expense Flashcards
1
Q
Cash
A
Asset
2
Q
Retained Earnings
A
Stockholders’ Equity
3
Q
Cost of Goods Sold
A
Expense
4
Q
Salaries and Wages Expense
A
Expense
5
Q
Prepaid Insurance
A
Asset
6
Q
Inventory
A
Asset
7
Q
Accounts Recievalbe
A
Asset
8
Q
Sales Revenue
A
Revenue
9
Q
Notes Payable
A
Liability
10
Q
Accounts Payable
A
Liability
11
Q
Service Revenue
A
Revenue
12
Q
Interest Expense
A
Expense
13
Q
Land
A
PPE
14
Q
Buildings
A
PPE
15
Q
Equipment
A
PPE
