BE 01.06 – Account Classifications

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Given five accounts (utility, salary, cash, common stock, revenue) and ask you to classify.

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  • Search Terms: cash common salaries service a account accounts an as asset, available balance be cash classification utilities classified cost customers. dividend. accounts each equity equity; expense expense; for in income indicate investors. liability, of or owed ownership payable related revenue salaries. sale services shares sheet sold statement stock stockholders’ the to transaction, transactions use. utilities. whether would
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