Asset, liability, and stockholders equity items Obj. 3 Indicate whether each of the following is identified with

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Asset, liability, and stockholders’ equity items Obj. 3 Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders’

equity:

a. accounts payable

d. supplies

b. accounts receivable

e. supplies expense

c. fees earned

f. utilities expense AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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