Summary Business Accounting

Question:




Answer:



1. c _Equipment 10. a Inventories

2. f _Accounts payable 11. d _ Patent

3. -a __ Allowance for uncollectible accounts 12. c Land, in use

4. b __ Land, held for investment 13. f _ Accrued liabilities

5. g __ Note payable, due in 5 years 14. a _Prepaid rent

6. f _Unearned rent revenue 15. h _ Common stock

7. f _Note payable, due in 6 months 16. c _Building, in use

8. i Income less dividends, accumulated 17. a _Cash

9. b _Investment in XYZ Corp., long-term 18. f _ Taxes payable