Classify the following accounts in the space provided with the following symbols: CL for current liabilities, LTL
Question:
Classify the following accounts in the space provided with the following symbols: CL for current liabilities, LTL for long-term liabilities, and SE for stockholders’ equity:
A. _____ Capital stock B. _____ Treasury stock C. _____ Mortgage payable D. _____ Accounts payable E. _____ Retained earnings F. _____ Wages payable
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