Identify each of the following balance sheet items as an asset, liability, or owners' equity:

Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.

Shareholder's investment

Retained earnings

Long$-$term portion of bank loan payable

Prepaid expenses

Accounts payable

Accounts receivable

Income taxes payable

Raw materials

Accumulated depreciationIdentify each of the following balance sheet items as an asset, liability, or owners' equity:

Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.

Shareholder's investment

Retained earnings

Long$-$term portion of bank loan payable

Prepaid expenses

Accounts payable

Accounts receivable

Income taxes payable

Raw materials

Accumulated depreciation