Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. 1.  Accounts Receivable   2.  Equipment   3.  Fees Earned   4.  Insurance Expense   5.  Prepaid Advertising   6.  Prepaid Rent   7.  Rent Revenue   8.  Salary Expense   9.  Salary Payable   10.  Supplies   11.  Supplies Expense   12.  Unearned Rent

In which of the following types of accounts are increases recorded by credits?   Question 8 options:   Revenue, Dividends   Liability, Revenue   Dividends, Asset   Expense, Liability

To record interest earned but not yet * received, payee must accrued interest Debit Interest Receivable, Credit Interest Revenue Debit Interest Revenue, credit Interest Receivable Debit cash, credit Interest Receivable, Credit Interest Revenue Debit cash, debit Interest Receivable, Credit Interest Revenue

Two methods of accounting for uncollectible accounts are the     Question 40 options:   allowance method and the accrual method.   allowance method and the net realizable method.   direct write-off method and the accrual method.   direct write-off method and the allowance method.