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Classification of accounts

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A) Place a mark in the appropriate column to indicate the type of account
B) Place a mark in the appropriate column to indicate on which financial statement that account is reported.

Financial Statement
Type of Account: Asset Liability Equity Revenue Expense Income Statement Balance Sheet

Wages Payable
Accounts Receivable
Retained Earnings
Supplies used
Sales (for cash)
Accumulated Depreciation
Loan from Bank
Owners' Invest.
Sales (on credit)
Bonds Payable
Unearned revenue
Wages Earned by Employees
Utilities Consumed

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Solution Summary

The solution classifies accounts according to type (Asset, Liability, Equity, Revenue, Expense) and indicates on which financial statement (Income Statement, Balance Sheet) that account is reported.

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