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Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4.
Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000 Accounts Payable 0 + + Como Stock $ 43,000 Revenues $ 0 - 4,000 + 1,000 +1,000 + 1.900 1.900 -1.000 5. 1.000 - 1.900 $ 17,900 $4,000 $2,000 $ $43,000 $1,900
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