Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense. Required a. List each account title under the element of the accounting equation to which it belongs b. Will all businesses have the same number of accounts? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B List each account title under the element of the accounting equation to which it belongs. Stockholders Equity Gasoline expense Assets Liabilities Notes payable Computers Utilities payable Interest expense Cash Building Trucks Accounts payable Operating expenses Salaries expense + Land Office furniture Utilities expense + Common stock Retained earnings Dividends + Supplies + Rent revenue + Service revenue +

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.

 

Required

  1. List each account title under the element of the accounting equation to which it belongs.

  2. Will all businesses have the same number of accounts?

 

Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense,
Dividends, Supplies Expense.
Required
a. List each account title under the element of the accounting equation to which it belongs
b. Will all businesses have the same number of accounts?
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Required A
Required B
List each account title under the element of the accounting equation to which it belongs.
Stockholders
Equity
Gasoline expense
Assets
Liabilities
Notes payable
Computers
Utilities payable
Interest expense
Cash
Building
Trucks
Accounts payable
Operating expenses
Salaries expense
+
Land
Office furniture
Utilities expense
+
Common stock
Retained earnings
Dividends
+
Supplies
+
Rent revenue
+
Service revenue
+
Transcribed Image Text:Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense. Required a. List each account title under the element of the accounting equation to which it belongs b. Will all businesses have the same number of accounts? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B List each account title under the element of the accounting equation to which it belongs. Stockholders Equity Gasoline expense Assets Liabilities Notes payable Computers Utilities payable Interest expense Cash Building Trucks Accounts payable Operating expenses Salaries expense + Land Office furniture Utilities expense + Common stock Retained earnings Dividends + Supplies + Rent revenue + Service revenue +
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