Review Quiz - Q2

Identify the classification of the account title.

Rent Income

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Supplies Expense

• Assets

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Salaries Payable

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Supplies

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Santos Drawing

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Sales

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Loan Payable

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Furniture and Fixtures

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

Utilities Expense

• Asset

• Liability

• Owner's Equity

• Income

• Expense

Identify the classification of the account title.

D and J Capital

• Asset

• Liability

• Owner's Equity

• Income

• Expense