Classifying accounts Classify each of the following accounts as an asset (A), liability (L), or equity (E)

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Classifying accounts Classify each of the following accounts as an asset (A), liability (L), or equity (E) account.

1. Accounts Payable

2. Loan (or Notes) Payable

3. Accounts Receivable

4. Cash

5. Supplies

6. Equipment

7. Rod Smith, Capital

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Related Book For book-img-for-question

College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: May 09, 2024 02:01 AM

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Classifying accounts Classify each of the following accounts as an asset (A), liability (L), or equity (E)

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College Accounting Ch 1-14

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