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In: Accounting

Rank in order of liquidity: Accounts Payable Bonds Payable Deferred Revenue Depreciation Expense Discount on bonds...

Rank in order of liquidity:

Accounts Payable
Bonds Payable
Deferred Revenue
Depreciation Expense

Discount on bonds payable

Insurance Expense
Interest Expense
Rent Expense
Salaries and Wages Expense
Salaries and Wages Payable
Service Revenue
Supplies Expense

Solutions

Expert Solution

Ranking in order of liquidity

Deferred revenue
Accounts Payable
Salaries and Wages Payable
Discount on bonds payable
Bonds Payable
Service Revenue
Salaries and Wages Expense
Rent Expense
Interest Expense
Depreciation Expense
Insurance Expense
Supplies Expense

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