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Allocation of Accounts

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Question

Question;3) Indicate whether the account is an asset (A), liability;(L), stockholders' equity (SE), revenue (R) or expense (E) account. Also;indicate if the account would appear on the Balance Sheet (BS) or Income;Statement (IS) or the Statement of Retained Earnings (SRE) The first account;has been completed for you. (25 points);ACCOUNT;TYPE OF ACCOUNT;FINANCIAL;STATEMENT;1.;Land;2.;Common Stock;3.;Notes Payable;4.;Service Revenue;5.;Telephone Expense;6.;Dividends;7.;Accounts Receivable;8.;Computer Supplies;9.;Accounts Payable;10.;Prepaid Expenses

 

Paper#37566 | Written in 18-Jul-2015

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