Listed below are the five different types of accounts.

For each type of account above, select two examples of specific account names from the Chart of Accounts that meet the account definition.

NOTE: Please do not include Revenues and Expenses in #3, and be more specific in #4 and #5.

		Type of Account		(1)		(2)
1.		Asset		Accounts ReceivableInsurance ExpenseOwner's CapitalOwner's DrawingsRent RevenueSupplies ExpenseService RevenueSuppliesUnearned Revenue		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's CapitalOwner's DrawingsRent RevenueSupplies ExpenseService RevenueUnearned Revenue
2.		Liability		Accounts ReceivableInsurance ExpenseOwner's CapitalOwner's DrawingsRent RevenueSupplies ExpenseService RevenueSuppliesUnearned Revenue		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's CapitalOwner's DrawingsRent RevenueSupplies ExpenseService RevenueSupplies
3.		Owner's Equity		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's CapitalRent RevenueSupplies ExpenseService RevenueSuppliesUnearned Revenue		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's DrawingsRent RevenueSupplies ExpenseService RevenueSuppliesUnearned Revenue
4.		Revenue		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's CapitalOwner's DrawingsSupplies ExpenseService RevenueSuppliesUnearned Revenue		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's CapitalOwner's DrawingsRent RevenueSupplies ExpenseSuppliesUnearned Revenue
5.		Expense		Accounts ReceivableAccounts PayableOwner's CapitalOwner's DrawingsRent RevenueSupplies ExpenseService RevenueSuppliesUnearned Revenue		Accounts ReceivableAccounts PayableInsurance ExpenseOwner's CapitalOwner's DrawingsRent RevenueService RevenueSuppliesUnearned Revenue

Answer rating: 100% (QA)

Requir... View the full answer