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Assignment 1 Answers Terms in this set (13) Accounts: Utilities Payable Related Transactions: Amounts owed for utilities. What is the Account Classifications? A liability Accounts: Cash Related Transactions: Cash available for use What is the acco $7.99   Add to cart
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Assignment 1 Answers Terms in this set (13) Accounts: Utilities Payable Related Transactions: Amounts owed for utilities. What is the Account Classifications? A liability Accounts: Cash Related Transactions: Cash available for use What is the acco
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  • GED - General Educational Development
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  • GED - General Educational Development

Assignment 1 Answers Terms in this set (13) Accounts: Utilities Payable Related Transactions: Amounts owed for utilities. What is the Account Classifications? A liability Accounts: Cash Related Transactions: Cash available for use What is the account classifications? An Asset Account...

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  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • assignment 1 answers terms in this set 13

Written for

  • GED - General Educational Development
  • GED - General Educational Development

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8/5/24, 7:22 AM




Assignment 1 Answers
Jeremiah




Terms in this set (13)

Accounts: Utilities Payable A liability
Related Transactions: Amounts owed for
utilities.
What is the Account Classifications?

Accounts: Cash An Asset
Related Transactions: Cash available for use
What is the account classifications?

Accounts: Salaries An expense
Related transactions: Cost of salaries
What is the account classifications?

Accounts: Common Stock Stockholders' equity
Related Transactions: Shares of ownership
sold to investors
What is the account classifications?

Accounts: Service Revenue A revenue
Related Transactions: Sale of services to
customers
What is the account classifications?

Related transactions: Change in owners' Statement of stockholders' equity
claim to resources
What is the financial statement?

Related transactions: Profitability of the Income statement
company
What is the financial statement?

Related transactions: Change in cash as a Statement of cash flows
result of operating, investing, and financing
activities
What is the financial statement?



Assignment 1 Answers




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