1. Provide the names of 2 asset accounts and indicate the increase side, debit or credit. 2. Provide the names of 2 liability accounts and indicate the increase side, debit or credit 3. Provide the names of 2 equity accounts and indicate the increase side, debit or credit. 4. Where do Revenue and Expense accounts affect the Accounting Equation: A = L+E?

1. Provide the names of 2 asset accounts and indicate the increase side, debit or credit. 2. Provide the names of 2 liability accounts and indicate the increase side, debit or credit 3. Provide the names of 2 equity accounts and indicate the increase side, debit or credit. 4. Where do Revenue and Expense accounts affect the Accounting Equation: A = L+E?

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 2E: List the classification of each of the following accounts as A (asset), L (liability), OE (owners...

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