1.

(1)

Indicate whether each of the following accounts is an asset (A), a liability (L), or a part of stockholders equity (SE):

a). Cash

b). Salaries Payable

c). Accounts receivable

d). Common Stock

e). Land

f). Accounts payable

g). Dividends

(2)

The collection of an account receivable

A. increases assets and increases stockholders' equity.

B. increases assets and decreases assets.

C. decreases assets and decreases stockholders' equity.

D. decreases assets and increases liabilities.