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Whats corresponding to one of basic elements of accounting

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Reference no: EM132480784

Question 1: Match the letter corresponding to one of the basic elements of accounting to each of the accounts below.

A = Asset

L = Liability

OE = Owner's Equity

R = Revenue

E = Expense

1. Utility Expense

2. Accounts Payable

3. Prepaid Rent

4. Supplies

5. P. Coyote, Drawing

6. Wages Expense

7. P. Coyote, Capital

8. Cash

9. Advertising Expense

10. Fees Earned

Reference no: EM132480784

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