AAMI ACCOUNTING 2 FINAL EXAM 2026
COMPREHENSIVE STUDY GUIDE COMPLETE
ANSWERS
◉ Liabilities. Answer: 200-299
◉ Owner's Equity. Answer: 300-399
◉ Revenue. Answer: 400-499
◉ Expenses. Answer: 500-599
◉ Assets are:. Answer: Cash, Accounts Receivables, Furniture/Office
Equipment, Buildings, Inventory, Automobiles, Machinery
◉ Liabilities are:. Answer: Accounts Payable, Mortgage Payable, Sales
Tax Payable
◉ Capitals are:. Answer: Monies invested by owner, Monies withdrawn
by owner
◉ Revenue are:. Answer: Sales/Income/Fees
COMPREHENSIVE STUDY GUIDE COMPLETE
ANSWERS
◉ Liabilities. Answer: 200-299
◉ Owner's Equity. Answer: 300-399
◉ Revenue. Answer: 400-499
◉ Expenses. Answer: 500-599
◉ Assets are:. Answer: Cash, Accounts Receivables, Furniture/Office
Equipment, Buildings, Inventory, Automobiles, Machinery
◉ Liabilities are:. Answer: Accounts Payable, Mortgage Payable, Sales
Tax Payable
◉ Capitals are:. Answer: Monies invested by owner, Monies withdrawn
by owner
◉ Revenue are:. Answer: Sales/Income/Fees