Identify Each of the Following Accounts as a Revenue (R),expense

question 198

Essay

Identify each of the following accounts as a revenue (R),expense (E),asset (A),liability (L),or equity (SE)by placing initials (R,E,A,L or SE)in the blanks.
____ 1.Salary Expense
____ 2.Cash
____ 3.Equipment
____ 4.Common Stock
____ 5.Fees Revenue
____ 6.Accounts Receivable
____ 7.Accounts Payable
____ 8.Dividends
____ 9.Supplies
____ 10.Unearned Revenue
____ 11.Prepaid Insurance
____ 12.Office Furniture

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Definitions:

Federal Communications Commission (FCC)

A government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable in the U.S.

Wireless Frequencies

Electromagnetic wave frequencies utilized for communication purposes without requiring a physical connection, such as in cell phones and Wi-Fi.

Telecommunications Act

A comprehensive law enacted in 1996 to regulate the broadcasting and telecommunications industry.

Media Ownership

The ownership or control of media outlets, such as television stations, radio stations, newspapers, and websites, by companies or individuals.