Classification of Accounts

Cash in Bank

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Painting Fees

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

John Smith, Withdrawal

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Accounts Payable - Smith's Auto Repair

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Accounts Receivable - James Johnson

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Rent Expense

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

John Smith, Capital

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Office Equipment

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Miscellaneous Expense

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Repair Fees

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense