Match each of the following accounts with its proper account group from the groups listed below.

-Unearned Rent
A)Assets
B)Liabilities
C)Owner's Equity
D)Revenue
E)Expenses

Name: Match each of the following accounts with its proper account group from the groups listed below. -Unearned Rent A)Assets B)Liabilities C)Owner's Equity D)Revenue E)Expenses
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Question

Match each of the following accounts with its proper account group from the groups listed below.
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-Unearned Rent
A)Assets
B)Liabilities
C)Owner's Equity
D)Revenue
E)Expenses

Quizplus · Accepted Answer

Unearned Rent is a liability account, as it represents money received in advance for services (rent) that have not yet been provided.

Match Each of the Following Accounts with Its Proper Account