1-2B - Account Classification Each of the following accounts is either an Asset (A), Liability...
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Accounting
1-2B - Account Classification Each of the following accounts is either an Asset (A), Liability (L), Shareholders' Equity (SE), Revenue (Rev), Expense (Exp) or Dividend (Div) account. Mark the first blank with the appropriate classification - A, L, SE, Rev, Exp or Div. If you have identified an item as either an Asset or Liability, mark the second blank as "C" if the item is current or "LT" for Long-Term. A/L/SE/Rev/Exp/Div C? Car loan Software expense Wages expense Office furniture Long-term investments Inventory Small tools Accounts payable Retained earnings Accounts receivable Property Repair revenue Maintenance expense Interest expense Salaries payable Subscription revenue Common shares Telephone equipment Sales revenue Income tax expense Mortgage payable Cash Telephone expense
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