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Identify each of theitems as an asset, a liability, or owner equity. a. A debt of $19,000that must be paid to a bank b. An
Identify each of theitems as an asset, a liability, or owner equity.
a. A debt of $19,000that must be paid to a bank
b. An account payablefor the purchase of a computer on credit
c. The computer thatwas purchased for the business
d. The $250 that acustomer owes the business for services
e. A truck owned bythe business
f. The money that thebusiness owes the dealer for the truck
g. The $13,000 cash inthe business's bank account
h. The $10,000difference between the assets and the liabilities
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