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Q/ For each of the following accounts, signify which part of the accounting equation would include the account balance. 1. Accounts receivable a) Owner's equity

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Q/ For each of the following accounts, signify which part of the accounting equation would include the account balance. 1. Accounts receivable a) Owner's equity b) Assets c) Liabilities 2. Notes payable a) Owner's equity b)Assets c) Liabilities 3. Notes receivable a) Owner's equityb) Assets Liabilities 4. Office supplies a) Owner's equity b) Assets c Liabilities 5. Supplies expense a) Owner's equity b) Assets cLiabilities John Smith, Capital a) Owner's equity b) Assets c Liabilities 6. 7. Prepaid rent a) Owner's equity b) Assets c Liabilities 8. Rent expense a) Owners equityb) Assets c) Liabilities 9. Consulting revenue a) Owner's equity b) Assets c) Liabilities 9. Unearned revenue a) Owner's equity b) Assets c) Liabilities

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