Equipment and Furniture under which account?

a. Assets

b. Liabilities

c. Owners Equity

As of December 31, 2020, Bader Company has assets of $6,000 and owners equity of $2,000. What are the liabilities for Bader Company as of December 31, 2020?

a. $1,500.

b. $4,000.

c. $2,500.

d. $2,000.

Entries to expenses such as Rent Expense are usually

a. Debit

b. Credit

Drawing will appear under which account ?

a. Assets

b. Liabilities

c. Owners Equity