The following lists current assets and current liability accounts. Identify each account as a current asset or a current liability account. After classify each account, determine how the change in the account balance is treated in the conversion of a cruel net income to the cash basis, indirect method. If cash increases use the word source; if cash decreases use the word use

E10.1 The following lists current asset and current liability accounts. Identify each account as a current asset (CA) or a current liability (CL) account After classifying each account, determine how the change in the ac- count balance is treated in the conversion of accrual net income to the cash basis, indirect method. If cash increases use the word Source; if! cash decreases, use the word Use. CA or CL Increase or Decrease Account Title Credit card receivables Accounts payable Inventory (for resale) Accounts receivable Prepaid expenses Accrued payroll payable Interest payable Marketable securities