Kent Erickson owns a service business called Kent's Go Karts, which uses these accounts. In order to create a chart of acCounts, you must first dassify each account. For each account, select the type of account (Assets, Liabilities, Owner's Equity, Revenue, Expenses) in the appropriate classification column. Classification Balance Sheet Income Statement Account Title Assets Liabilities Owner's Equity Revenue Expenses Accounts Payable-Ad World Accounts Recelvable-ABC Tours Accounts Payable-The Repair Shop Accounts Receivable-Seagate Travel Accounts Payable-Gas for Less Miscellaneous Expense Rent Expense Prepaid Insurance Kent Erickson, Drawing Cash Sales Supplies Advertising Expense Kent Erickson, Capital ㅇ

Kent Erickson owns a service business called Kent's Go Karts, which uses these accounts. In order to create a chart of acCounts, you must first dassify each account. For each account, select the type of account (Assets, Liabilities, Owner's Equity, Revenue, Expenses) in the appropriate classification column. Classification Balance Sheet Income Statement Account Title Assets Liabilities Owner's Equity Revenue Expenses Accounts Payable-Ad World Accounts Recelvable-ABC Tours Accounts Payable-The Repair Shop Accounts Receivable-Seagate Travel Accounts Payable-Gas for Less Miscellaneous Expense Rent Expense Prepaid Insurance Kent Erickson, Drawing Cash Sales Supplies Advertising Expense Kent Erickson, Capital ㅇ

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 2EB: The following information pertains to Crossroads Consulting, Inc. Match each of the following parts...

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