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NO! Prepaid expenses are assets!!
asset equity
asset equity
account
asset liability
In accounting, interest and other expenses are neither; they are a contra-equity account. This means that as expenses increase, the owners have less equity. Expenses should normally be treated as a debit account, so as you record interest expenses, you should be crediting either an asset or a liability at the same time.
NO! Prepaid expenses are assets!!
equity
Stockholder equity is a liability account as it is refundable by business at time of liquidation.
asset equity
asset equity
account
asset liability
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
asset
Neither, it is an expense, a negative entry in the company´s Profit and Loss, thus decreasing its Equity position.
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.