Test 2 part 2

Question 1

1. Interest Expense
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 1

d. Income Statement

Question 2

2. Accumulated Depreciation – equipment – CONTRA ASSET
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 2

a. Balance Sheet and asset account

Question 3

3. Wages Payable
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 3

b. Balance Sheet and liability account

Question 4

4. Retained Earnings
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 4

c. Balance Sheet and stockholders’ equity account

Question 5

5. Rent Expense
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 5

d. Income Statement

Question 6

6. Unearned Service Revenue CUSTOMER GAVE CASH FOR SERVICE TO BE PROVIDED
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 6

b. Balance Sheet and liability account

Question 7

7. Loss on real estate sale
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 7

d. Income Statement

Question 8

8. Common Stock
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 8

c. Balance Sheet and stockholders’ equity account

Question 9

9. Accounts Receivable
   a. Balance Sheet and asset account
   b. Balance Sheet and liability account
   c. Balance Sheet and stockholders’ equity account
   d. Income Statement

Answer 9

a. Balance Sheet and asset account

Question 10

10. Supplies
    a. Balance Sheet and asset account
    b. Balance Sheet and liability account
    c. Balance Sheet and stockholders’ equity account
    d. Income Statement

Answer 10

a. Balance Sheet and asset account

Question 11

11-13

Answer 11

on study Guide