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Classify each of the following as assets or liabilities for shenefield company: A. shenfield compay owns its supplies $50,000 B. shenfield compay's customers owe it$40,000

Classify each of the following as assets or liabilities for shenefield company: A. shenfield compay owns its supplies $50,000 B. shenfield compay's customers owe it$40,000 c. shenfield compay has $100,000 inits checking account. D shenfield compay owes the bank $20,000 on a five- year loan E. shenfield compay owns abuilding costin $500,000 F. shenfield compay's emplyees have woked all week but have not been paid the $5,000 owed to them. G. shenfield compay has developed new process that is protectd by a patent costing $16,000

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