Identify each of the following accounts as a component of asset (A), liabilities (L), or equity (E).

AccountBalance sheet section.

a.Cash and cash equivalentsAnswer

Assets Equity Liabilities

b. Wages payableAnswer

Assets Equity Liabilities

c. Common stockAnswer

Assets Equity Liabilities

d. EquipmentAnswer

Assets Equity Liabilities

e. Long-term debtAnswer

Assets Equity Liabilities

f. Retained earningsAnswer

Assets Equity Liabilities

g. Additional paid-in capitalAnswer

Assets Equity Liabilities

h. Taxes payableAnswer

Assets Equity Liabilities