Drill 5.1 - Accounting Elements

Accounts Payable

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Building

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Miscellaneous Expense

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Cash

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Insurance Expense

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Salaries Expense

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Prepaid Rent

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Drawing Account

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Accrued Expense

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense

Loans Payable

• Assets

• Liabilities

• Owner's Equity

• Income

• Expense