Identify with a which of the following are subdivisions of owners equity. a. Land b. M.

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Identify with a ✓ which of the following are subdivisions of owner’s equity.
a. Land
b. M. Kaminsky, Capital
c. Accounts Receivable
d.
M. Kaminsky, Withdrawals _____
e. Accounts Payable _____
f. Rent Expense _____
g. Office Equipment _____
h. Hair Salon Fees Earned _____ 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...
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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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