Match each account or description on the left with the appropriate classification on the right. v Discount on bonds payable A. Expense v Common stock B. Owners' equity v Prepaid insurance C. Contra-liability v Retained earnings D. Asset v Income taxes owed but not yet paid E. Liability v Cost of goods sold v Prepaid insurance that is used up during a period v Amounts deposited in a checking account v Inventory v Bonds payable

Match each account or description on the left with the appropriate classification on the right. v Discount on bonds payable A. Expense v Common stock B. Owners' equity v Prepaid insurance C. Contra-liability v Retained earnings D. Asset v Income taxes owed but not yet paid E. Liability v Cost of goods sold v Prepaid insurance that is used up during a period v Amounts deposited in a checking account v Inventory v Bonds payable

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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