Question:
Label each of the following accounts as an asset (A), liability (L), owner's equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongs-income statement (IS), statement of owner's equity (SOE), or balance sheet (BS)-in a format similar to the following.
Account Classification Financial Statement
Cash
Rent Expense
Accounts Payable
Service Fees
Supplies
Wages Expense
Amanda Wong, Drawing
Amanda Wong, Capital
Prepaid Insurance
Accounts Receivable