Balance sheet accounts

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Presentation transcript:

Balance sheet accounts SI ACCT. 284

Directions: State whether the account would be an asset, liability or stockholder’s equity account. Example: Cash – It would be an asset

Cash

Cash-Asset

Accounts Payable

Accounts Payable - Liability

Accounts Receivable

Accounts Receivable - Asset

Wages Payable

Wages Payable - Liability

Inventory

Inventory - Asset

Contributed Capital

Contributed Capital – Stockholder’s Equity

Retained Earnings

Retained Earnings – Stockholder’s Equity

Unearned Revenue

Unearned Revenue - Liability

Accrued Taxes

Accrued Taxes - Liability

PPE

PPE - Asset

Prepaid Expense

Prepaid Expense - Asset

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