Problem 4- 5 CLASSIFICATION OF ACCOUNTS

The following are the existing accounts of Asunta Servicing:

Accounts Payable Interest Expense Interest Income

Accounts Receivable Land Rent deposit
Accrued interest payable Notes Payable Rent expense
Asunta, capital Prepaid Insurance SSS premium payable
Asunta, Drawings Utilities expense Supplies expense
Unused supplies Withholding tax payable Unearned revenues

Classify the following as to whether real, nominal, asset, liability, revenues and expense
accounts.

REAL ACCOUNTS
Assets Liabilities Owner's Equity
Accounts Receivable Accounts Payable Asunta, capital
Land Accrued interest payable Asunta, Drawings
Rent deposit Notes Payable
Prepaid Insurance SSS premium payable
Unused supplies Withholding tax payable
Unearned revenues