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Overview, Assignment & Discussion
Discussion
Question 1
Place a check mark in the appropriate box below to indicate the name of the account group in which each account belongs.
INCOME STATEMENT
BALANCE SHEET
Account Payable
Account Receivable
Building
Capital
Drawing
Equipment
Fees Income
General Expenses
Interest Expenses
Land
Notes Payable
Other Income
Rent Expenses
Rent Income
Salaries Expenses
Supplies
Supplies Expenses
Tax expenses
Question 2
Classify the following accounts by placing a check mark in the appropriate column.
Current Assets
Non- current Assets
Current Liability
Non-current Liability
Accounts Receivable
Accounts Payable
Notes Payable
Mortgage Payable
Cash
Supplies
Salaries Payable
Bonds Payable
Equipment
Land
Version: 1.0Page 2 of 2Date:9/7/2015 12:13:00 PM