Problem #1

Which of the following items are assets? (Select all that apply.) I A. Common stock O B. Cash C. Automobile expense D. Interest expense E. Service revenue IF. Long-term loan payable G. Miscellaneous expense H. Retained earnings Advertising expense J. Dividends itv in the accounting equation? (Hint: These are the accounts you used for Requirement 3 f.) (Select all that apply.)What accounts affect equity in the accounting equation? (Hint: These are the accounts you used for Requirement 3.f.) (Select all that apply.) A. Automobile expense " B. Advertising expense " C. Dividends D. Miscellaneous expense E. Service revenue F. Cash G. Retained earnings " H. Common stock Interest expense J. Long-term loan payable