Click to watch the Tell Me More Learning Objective 1 video and then answer the questions below. 1. All of the following are asset accounts except a. Cash b. Outstanding Salaries c. Building d. Plant and Machinery 2. Which of the following accounts is a liability account? a. Notes Payable b. Accounts Payable c. Wages Payable d. All of these choices are correct. 3. Increases in assets and owner's equity as a result of selling services or products to customers is called revenue