For each of the following accounts, identify whether that item is an asset, liability, or equity account a Accounts payable b Sales revenue c Cash h Salaries payable d Bonds payable e Common stock f Accounts receivable g Equipment h Salaries payable i Inventory j Retained earnings ...

For each of the following accounts, identify whether that item is an asset, liability, or equity account.

Question:

For each of the following accounts, identify whether that item is an asset, liability, or equity account.
a. Sales revenue
c. Cash h. Salaries payable
d. Bonds payable
e. Equipment
h. Salaries payable
i. Inventory
j. Retained earnings
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...