Identify each of the following accounts of Shakti Yoga Co. as an asset, liability, stockholders equity, revenue,

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Identify each of the following accounts of Shakti Yoga Co. as an asset, liability, stockholders’ equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.

a. Accounts Payable

b. Accounts Receivable

c. Common Stock

d. Cash

e. Dividends

f. Fees Earned

g. Office Equipment

h. Rent Expense

i. Supplies

j. Wages Expense

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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