Identify where you classify the following items

Account Title Current Asset Non-Current Asset Tangible Intangible

1 Account Receivable x x
2 Building x x

3 Cash x x
4 Computer Equipment x x

5 Copyrights x x
6 Delivery Truck x x

7 Furniture & Fixtures x x

8 Store Supplies x x

9 Inventories x x
10 Land x x

11 Notes Receivable x x
12 Office Supplies x x

13 Accrued Income x x
14 Prepaid Insurance x x

15 Prepaid Rent x x

Account Asset Liabilities Owner's Equity Income Expense Balance

1 Accounts Receivable x
2 Accumulated Depreciation x

3 Advertising Expense x
4 Bonds Payable x

5 Building x
6 Cash x

7 De Jesus, Capital x
8 De Jesus, Drawing x

9 Delivery Truck x
10 Interest Payable x

11 Inventories x
12 Land x
 13 Mortgage Loans x
14 Notes Payable x

15 Notes Receivable x
16 Office Supplies x

17 Prepaid Expense x
18 Rent Expense x

19 Salaries Expense x
20 Salaries Payable x

21 Service Fees Income x

22 Supplies Expense x
23 Trading Securities x
24 Unearned Income x

25 Utilities Expense x

Revenue/Sales – Expenses = Net Profit/Net Loss

Revenue Php 100,000.00

Salaries Expense Php 40,000.00
Rent Expense 20,000.00
Depreciation Expense 10,000.00
Utilities Expense 5,000.00
Miscellaneous Expense 1,000.00
Net Income Php 24,000.00
VULCANIZING SHOP

Paid Php1,000 for rent

Provided services for Php2,500 in cash
Paid Php200 for water bill
Provided services for Php1,900 on credit
Paid salaries of Php2,500 to employees
Paid Php350 for electric bill

MERCHANDISING
Sales – 55,000
Purchases – 2,000
Beginning inventory – 1,000
Ending inventory – 500
Rent expense – 2,000
Salaries expense – 4,000
Utilities expense – 2,000