For each of the following accounts, identify whether that item is an asset, liability, or equity account.

Question:

a. Bonds payable

b. Equipment

c. Accounts payable

d. Salaries payable

e. Common stock

f. Retained earnings

g. Cash

h. Accounts receivable

i. Sales revenue

j. Inventory

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

See More Books

Question Posted: May 20, 2020 11:26 AM

See More Questions

Identify the common name for each of the following compounds: a. b. c. d.
For each of the following inventory errors occurring in 2011, determine the effect of the error on 2011's cost of goods sold, net income, and retained earnings. Assume that the error is not...
For each of the following queuing systems, indicate whether it is a single- or multiple-server model, the queue discipline, and whether its calling population is infinite or finite. a. Hair salon b....
A money market portfolio has a market value of $20,000,000 and its value will change by $500 for a change in short-term yields of one basis point. The eurodollar futures contract has a tick size of...
Consider the dextran sucrase reaction. Why do you suppose there is not an ATP requirement to energetically drive the creation of glycosidic bonds in the dextran product?
Consider the net cash flows (NCF) and salvage values (SV) shown below for each of the two feasible alternatives for an economic analysis. Alternatives 1 and 2 have lives of 3 and 5 years,...
CAD refers to combining design and manufacturing functions along with other automated functions. a) True b) False
Following a visit to her hometown of Coalinga, Cynthia wrote An Ode to Coalinga (Ode) and posted it in her online journal on MySpace.com. Her last name did not appear online. Her page included her...
2. Fill-in the following using the data below. (42 points) At Haddon, Inc., the office workers are employed for a 40-hour workweek. All workers, except King and Manera, are entitled to overtime pay...
TAC Industries Inc. sells heavy equipment to large corporations and federal, state, and local governments. Corporate sales are the result of a competitive bidding process, where TAC competes against...
For each of the situations listed, identify which of three principles (integrity, objectivity and independence, or due care) from the AICPA Code of Professional Conduct is violated. Assume all...
Dazzle Fashion is a clothing retailer. During August, the company completed a series of transactions. For each of the following items, give an example of a transaction that has the described effect...
Trevor Co. reports the variable costing income statement below for June. The company began the month with no finished goods inventory. It produced 10,000 units in June, and 2,000 units remain in...
Discuss and compare organization strategy and operations strategy and explain why it is important to link the two.
Describe a situation in which you could be a free rider. Then, try to come up with a policy or procedure that would remove this temptation to free ride.
Its widely believed that space exploration will become commonplace in the near future and that there will be huge strides in satellite use. Does this mean that the United States should have policies...
Present and defend your own favored approach to solving market failure in the case of a firm polluting the surrounding wilderness areas.
Some retailers in developing countries sell products from developed countries with high wages, but assure customers that these goods are produced under high standards of quality. Is demanding that...
Find the energy that is released when a nucleus of lead 211 82 Pb (atomic mass = 210.988 735 u) undergoes decay to become bismuth 211 83 Bi (atomic mass = 210.987 255 u). ilpo 211 Pb
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
Many e-tailers (retailers via the internet) were not profitable in their early year. Analysts who believed in the futures of these firms, therefore, were forced to focus on other positive metrics of...
In 1990, Eastman Kodak recorded a third-quarter net loss of $206 million, but at the same time, it posted a 22 percent rise in operating earnings to $835 million. Much of the loss was due to a $909.5...
In this 2008 annual report, which included a statement of comprehensive income, Bristol-Myers Squibb reported the following items (dollars in million): Net earnings from discontinued operations ........
15.5 kg is moving due east with a speed VA = 7.80 m/s, while object (B) of mass mB = 30.0 kg is moving in a direction that makes angle of 58 north of east with a speed VB = 5.20 m/s. The two objects...
An object is launched horizontally from the top of a cliff with an initial speed of 1 5 m / s . When the obiect has traveled a horizontal distance of 4 0 meters, how far below the launch point is the...
200 cubic metres of hot humid air are being cooled. The original air is at 33.5 degrees Celsius and has a relative humidity of 70%. It is cooled to 20 degrees Celsius. How much water condenses from...

For each of the following accounts, identify whether that item is an asset, liability, or equity account.

Question:

Step by Step Answer:

a Bonds payable Liability b Equipment Asset c Accounts payable Liability d Sa...View the full answer

Financial Accounting

Students also viewed these Business questions