Categorize each item as a revenue or expense for a retail store that sells clothing (Note: not all items will be used). Revenues Cash The unsold clothing that is available for sale Clothing Sales Revenue Shoe Repair Service Revenue Expenses Store fixtures and furniture that hold the clothing Rent Expense Wages Expense Amounts owed to suppliers Utilities Expense  Uncategorized answers

College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3E
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Categorize each item as a revenue or expense for a retail store that sells clothing (Note: not all items will be used).

Revenues

Cash

The unsold clothing that is available for sale

Clothing Sales Revenue

Shoe Repair Service Revenue

Expenses

Store fixtures and furniture that hold the clothing

Rent Expense

Wages Expense

Amounts owed to suppliers

Utilities Expense 

Uncategorized answers 

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