Question: Problem 1.4 Find the proper accounting category Are these items assets, liabilities, revenues, expenses, equity, or maybe none of those? a) Land b) Accounts payable
Problem 1.4 Find the proper accounting category Are these items assets, liabilities, revenues, expenses, equity, or maybe none of those? a) Land b) Accounts payable c) Cash d) Rent for our office space e) Capital stock Salaries for the month that has just ended 9) The obligation to pay salaries from the past month, which are still unpaid h) Accounts receivable i) Cost of utilities used j) Obligation to pay for utilities consumed this month k) Dividend paid to shareholders 1) Money owed to a supplier for goods delivered but not yet paid m) Services rendered to a customer n) Obligation of a customer to pay for services we delivered 0) Profits of the past year that were retained in the company p) Customer order not yet delivered A prepayment received from a customer when they made their order r) The value of completed services provided to customers 11-Lan and the
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