ACCOUNTING 2 PRE/POST-ASSESSMENT

Accounts Payable classification

• Asset

• Liability

• Owner's Equity

• Revenue

• Expense

Utilities Expense has a normal _____ balance.

Accounts Receivable is classified as a(n)

• Asset

• Liability

• Stockholder's Equity

• Cost of Merchandise

• Expense

The normal balance of Uncollectible Accounts Expense is _____.

Advertising Expense is classified as a(n)

• Asset

• Liability

• Stockholder's Equity

• Revenue

• Expense

Supplies Expense has a normal _____ balance.

Capital Stock is classified as a(n)

• Asset

• Liability

• Stockholder's Equity

• Cost of Merchandise

• Revenu

Cash is classified as a(n)

• Asset

• Liability

• Stockholder's Equity

• Revenue

• Expense

Supplies has a normal _____ balance.

State Unemployment Tax Payable has a normal _____ balance.