Question: Please help (Hw 5 q1) Indicate in which section (Asset, Liability, Equity, Revenue, Expenses, Gains/Losses) the following accounts would most likely be found in: Interest

Please help (Hw 5 q1)

Indicate in which section (Asset, Liability, Equity, Revenue, Expenses, Gains/Losses) the following accounts would most likely be found in:

  • Interest payable
  • Interest receivable
  • Interest earned
  • Interest expense
  • Inventory
  • Cost of Goods Sold
  • Sales
  • Deferred revenue
  • Land
  • Security deposits paid
  • Investment in the stock of another company

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