Activity 2:
Directions: Choose whether the account is an asset, liability, owner's equity, revenue or
expense.
1. Building
A. Assets B. Liability C. Owner's Equity D. Revenue
E. Expense
2. Salaries Expense
A. Assets B. Liability
C. Owner's Equity
D. Revenue
E. Expense
3. Supplies
A Assets
B. Liability
C. Owner's Equity
D. Revenue
E) Expense
4. Service Income
A. Assets B. Liability
C. Owner's Equity
D. Revenue
E. Expense
5. Freight-Out
A Assets
B. Liability
C. Owner's Equity
D. Revenue
E. Expense
6. Owner's Drawings
A. Assets B. Liability
C. Owner's Equity
D. Revenue
E. Expense
7. Income Tax Payables
A. Assets B. Liability
C. Owner's Equity
D. Revenue
E. Expense
8. Insurance Expense
A Assets B. Liability
C. Owner's Equity
D. Revenue
E. Expense
9. Delivery truck
A. Assets
B. Liability
C. Owners equity
D. Revenue
E. Expense
10. Interest Income
A. Assets
B. Liability
C. Owners equity
D. Revenu
E. Expense​