Classify each of the following items as asset (A), liability (L), revenue (R), or expense (E). _______

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Classify each of the following items as asset (A), liability (L), revenue (R), or expense (E).
_______ (a) Food inventory
_______ (b) Rooms revenue
_______ (c) Salaries and wages expense
_______ (d) Property management system
_______ (e) Taxes payable
_______ (f) Rent expense
_______ (g) Beverage revenue
_______ (h) Cash

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Hospitality Financial Accounting

ISBN: 978-0470083604

2nd Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.

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