Direction: Classify the following as: A - Assets, L - Liabilities,O - Owner's Equity, E- Expenses and R-
your answer on a separate sheet of paper.
.
CLASSIFICATION
ACCOUNTS
1. Cash
2. Rent Expense
3. Investment
4. Accounts Payable
5. Accounts Receivable
6. Equipment
7. Utilities
Expense
8. Drawings
9. Business Loans
10. Service Fee​
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