Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders equity, revenue, or
Question:
Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders’ equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit:
a. Accounts Payable
b. Accounts Receivable
c. Cash
d. Common Stock
e. Dividends
f. Fees Earned g. Land h. Rent Expense i. Supplies j. Utilities Expense
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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