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State whether the following accounts are assets, liabilities or owner's ...

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State whether the following accounts are assets, liabilities or owner's ...

State whether the following accounts are assets, liabilities or owner's equity.

a)   ________   Equipment
b)   ________   Capital
c)   ________   Supplies
d)   ________   Accounts payable
e)   ________   Accounts receivable
f)   ________   Wages payable
g)   ________   Cash

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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Solved The basic accounting equation is:
Solved The order in which accounts appear in the chart of accounts is:
Solved The accounts that are NOT closed are:
Solved Assets are equal to: (Multiple Choice)
Solved The basic accounting equation is:
Solved The accounting equation can be stated as:
Solved Total assets at the end of the period were $330,000 and liabilities were 25% of owner's equity. ...
Solved Which of the following accounts are closed to the owner's capital account?

harra Author

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Very timely, excellent answer

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