AP 115

Activity 4.1
Classification of Accounts

The following ledger accounts are used by Michelle Oma Tutorials:

a. Cash m. Oma, Withdrawals
b. Salaries Expense n. Salaries Payable
c. Accounts Receivable o. Unearned Revenues
d. Oma, Capital p. Office Equipment
e. Service Revenues q. Rent Payable
f. Prepaid Rent r. Notes Receivable
g. Accounts Payable s. Interest Expense
h. Land t. Notes Payable
i. Supplies Expense u. Supplies
j. Prepaid Insurance v. Interest Receivable
k. Utilities Expense w. Rent Expense
l. Service Revenues

Required: Indicate each account’s classification and normal balance by placing (/) marks. The
number 1 item is done for you. (2 points each item)

Type of Account Normal Balance

Owner’s Equity
Asset Liability Oma, Oma,
Capital Withdrawals Revenue Expense Debit Credit
s s
a. / /
b. / /
c. / /
d. / /
e. / /
f. / /
g. / /
h. / /
i. / /
j. / /
k. / /
l. / /
m. / /
n. / /
o. / /
p. / /
q. / /
r. / /
s. /
/
t. / /
u. / /
v. / /
w. / /