Problem 2

The following are account names in the ledger of Ray's Roadhouse:

Notes Payable _________ Prepaid Rent _________

Equipment _________ Ray Brock, Capital _________

Accounts Payable _________ Accounts Receivable _________

Operating Supplies _________ Cash _________

Wages Payable _________ Roadhouse Roadster (Delivery Van) _________

Required:

In the blanks above, indicate whether each account should be classified as an asset, liability, or owner's equity account.