From the following, which are subdivisions of owner's equity? Subdivision of Owner's Equity? Account a. Vehicles No b. Accounts Receivable No C. J. Penny, Capital Yes d. Advertising Expense Yes e. Accounts Payable No f. Taxi Fees Earned Yes g. J. Penny, Withdrawals Yes h. Computer Equipment No

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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From the following, which are subdivisions of owner's equity?
Subdivision of
Owner's Equity?
Account
No
a. Vehicles
b. Accounts Receivable
No
C.
J. Penny, Capital
Yes
d. Advertising Expense
Yes
e.
Accounts Payable
No
f.
Taxi Fees Earned
Yes
J. Penny, Withdrawals
Yes
h. Computer Equipment
No
Transcribed Image Text:From the following, which are subdivisions of owner's equity? Subdivision of Owner's Equity? Account No a. Vehicles b. Accounts Receivable No C. J. Penny, Capital Yes d. Advertising Expense Yes e. Accounts Payable No f. Taxi Fees Earned Yes J. Penny, Withdrawals Yes h. Computer Equipment No
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