Account Classification Exam 1 Flashcards

1
Q

Retained Earnings

A

Equity

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2
Q

Common Stock

A

Equity

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3
Q

Accounts Payable

A

Liability

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4
Q

Sales

A

Not a balance sheet account

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5
Q

Accounts Receivable

A

Assets

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6
Q

Prepaid Rent

A

Assets

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7
Q

Machinery

A

Assets

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8
Q

Service Revenue

A

Not a balance sheet account

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9
Q

Dividends

A

Not a balance sheet account

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10
Q

Inventory

A

Assets

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