Question

Enter the number for the item that best completes each of the descriptions below Exercise 2-2 Identifying and classifying 1. Asset 3. Account 5. Three 2. Equity 4. Liability is a record o increases and decreases in a specific asset, liability, equity, revenue, a. An expense item. b. Accounts payable, uneamed revenue, and note payable are examples of accounts c. Accounts receivable, prepaid accounts, supplies. and land are examples of accounts. d. Accounts are arranged into general categories. e, owner, capital and owner withdrawals are examples of accounts, Exercise 2-3 Enter the number for the item that best completes each of the descriptions below. Identifying a ledger and chart 1. Chart of accounts 2. General ledger a. The. is a record containing all accounts used by a company. b. A of accounts is a list of all accounts a company uses