FREE Trial

Classify each of the following items as owners drawings (D), revenue (R), or expense (E).a. Advertising expense b. Service revenue c. Insurance expense d. Salaries and wages expense e. Owners drawings f. Rent revenue g. Utilities expense

Chapter 1, Brief Exercises #6

Classify each of the following items as owner’s drawings (D), revenue (R), or expense (E).
a. Advertising expense 

b. Service revenue

c. Insurance expense

d. Salaries and wages expense

e. Owner’s drawings

f. Rent revenue

g. Utilities expense

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Answer expert-answer


E (a) Advertising expense R (b) S…View the full answer

answer-question
Related Book For answer-question
Accounting Principles

Accounting Principles

13th edition

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

ISBN: 978-1119411482

Answers for Questions in Chapter 1

Brief Exercises:
Continuing Case:
Critical Thinking:
DO IT! Exercises:
Ethics Case:
Exercises:
IFRS Exercise:
Problem Set A:
Questions:

Students also viewed these Business questions