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Dear students Directions: Categorize each account as an 1. Asset, Liability, or Stockholders' equity account. 2. If it's in the Balance Sheet, Income Statement, or

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Dear students Directions: Categorize each account as an 1. Asset, Liability, or Stockholders' equity account. 2. If it's in the Balance Sheet, Income Statement, or Statement of Retained Earnings. Lastly, define each account. than two sentences, if possible. 3. Definition should not be longer Chart of accounts (reference numbers are assigned) Assets Cash Accounts Receivable Prepaid rent Prepaid insurance Supplies Inventory Short-term promissory note receivable Equipment Land Long-term promissory note receivable Accounts payable Unearned revenue Salaries and wages payable Income tax payable Interest payable Short-term promissory note payable Long-term promissory note payable 3 FI F2 FS

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