s You're signed out of Office x Topic: Ch. 1 Discussion X Introduction to Financial Ac X Financial Accounting I - AC( X Topic: Chapter 1 Problem D X Works Cited X + X C O File | C:/Users/alexi/Downloads/ACC111-Student%20Textbook-Rev11-4.pdf A Paused Update APA Style Headings E Introduction to Financial Accounting 27 / 682 - 100% + : that the change to stockholders equity results only from net income earned during the year. Assets Liabilities 25 Balance Jan. 1, 2019 $50,000 $40,000 Balance Dec. 31, 2019 35,000 20,000 1 ii i CP 1-5 Required: Indicate whether each of the following is an asset (A), liability (L), or a stockholders' equity (E) item. 26 1. Accounts payable 2. Accounts receivable 3. Bank loan - BE 4. Cash 5. Equipment 6. Insurance expense 7. Loan payable 8. Prepaid insurance 27 9. Rent expense 10. Repair revenue 11. Common stock 12. Truck operating expense 13. Unused office supplies 14. Dividends CHAPTER ONE / Introduction to Financial Accounting First US Edition 28 39.F 1:01 AM Search Raining now O W 3/28/2023