2022 Updated Chapter 1 Quiz

Classify Cash

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Petty Cash

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Accounts Receivable--Main Street Services

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Supplies

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Prepaid Insurance

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Accounts Payable--Canyon Office Supplies

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Michael Delgado, Capital

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Michael Delgado, Drawing

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Sales

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Classify Advertising Expense

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense