Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawals; revenues; expenses). Do not abbreviate any answers.
Inventory______ Retained Earnings________
Dividends______Cost of Goods Sold________
Utilities Payable_______ Service Revenue_______
Accounts Payable______ Rent Expense_________
Answer: inventory is asset,retained earning is revenue,dividend is expense,cost of good sold is expense,utilities payable is liability,service revenue is revenue,accout payable is liability,rent expense is expense
