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Accounting I
Classification of Accounts
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| A | B |
|---|
| Supplies | asset |
| Connie Flyger, Capital | owner's equity |
| Prepaid Insurance | asset |
| ABC Company | liability |
| Connie Flyger, Drawing | owner's equity |
| Cash | asset |
| Petty Cash | asset |
| Office Supplies Company | liability |
| Sales | revenue |
| Rent Expense | expense |
| Supplies Expense | expense |
| Office Supplies | asset |
| Income Summary | owner's equity |
| Insurance Expense | expense |
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