Question

Brief Exercise 1-5 Indicate whether each of the following items is an asset, liability, or part of stockholders equity 1-5(a) Accounts receivableY (b) Salaries and wages payable T (c) Equipment (0 Notes payable LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor

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Answer #1

Ans:

ACCOUNT TYPE

ACCOUNT CLASSIFICATION-Answer

a)

Account receivable

assets

b)

Salaries and wages payable

Liability

C)

Equipment

assets

d)

supplies

assets

e)

Owners investment

stockholder's equity

f)

Notes payable

liability

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