=+PE 4-3B Statement of owner’s equity obj. 2 The following accounts appear in an adjusted trial balance of Gondola Consulting.

Indicate whether each account would be reported in the

(a) current asset;

(b) property, plant, and equipment;

(c) current liability;

(d) long-term liability; or

(e) owner’s equity section of the December 31, 2009, balance sheet of Gondola Consulting.

1. Accounts Payable 5. Holly Webb, Capital 2. Accounts Receivable 6. Note Payable (due in 2016)

3. Accumulated Depreciation—Equipment 7. Supplies 4. Cash 8. Wages Payable