Question

dentity each of the following items as assets, liabilities, or equity from the drop down provided. 1. Note payable 2. Trucks 3. Buildings 4. Common Stock 5. Accounts payable Liabilities Assets Assets Equity Liabilities
0 0
Add a comment Improve this question Transcribed image text
Answer #1

1. Note Payable is Liabilities

2. Trucks are Assets

3. Buildings are Asests

4. Common Stock also Assets

5. Accounts Payable is Liabilities

Add a comment
Know the answer?
Add Answer to:
dentity each of the following items as assets, liabilities, or equity from the drop down provided....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Identify each of the following items as assets, liabilities, or equity from the drop down provided...

    Identify each of the following items as assets, liabilities, or equity from the drop down provided 1. Note payable 2. Trucks 3. Buildings 4. Equipment 5. Accounts payable 6. Taxes payable Liabilities Assets Equity

  • Identify each of the following items as assets, liabilities, or equity from the drop down provided...

    Identify each of the following items as assets, liabilities, or equity from the drop down provided 1. Accounts Receivable 2. Land 3. Common Stock 4. Taxes payable 5 Computer Equipment Assets Assets Assets Liabilities

  • Identify each of the following items as assets, liabilities, or equity from the drop down provided....

    Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Supplies 3. Taxes payable 4. Computer Equipment 5. Common stock 6. Land The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulan's Boutique. Match the given transaction with its probable description. Nosota Liabilities Equity Cash $ 21.000 Accounts Office + Receivable + Supplies + + $ 0 $3,000 Land $19.000 4.000...

  • Identify each of the following items as assets, liabilities, or equity from the drop down provided....

    Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Land 2. Owner, Capital 3. Equipment 4. Accounts payable 5. Accounts receivable 6. Supplies

  • Identify each of the following items as revenues, expenses, or withdrawals from the drop down provided....

    Identify each of the following items as revenues, expenses, or withdrawals from the drop down provided. 1. Salaries 2. Owner withdrawal 3. Sales revenue 4. Cost of sales Expenses Revenues 5. Printing 6. Dividend income 7. Freight 8. Insurance Withdrawals

  • 1. If equity equals $100,000, which of the following is true? a. Assets exceed liabilities by...

    1. If equity equals $100,000, which of the following is true? a. Assets exceed liabilities by $100,000. b. Liabilities exceed equity by $100,000. c. Assets + liabilities equal $100,000. d. None of the above is true. 2. Which of the following pairs of accounts are impacted the same with debits and credits? a. Electricity Expense and Office Supplies b. Cash and Unearned Service Revenue c. Accounts Receivable and Accounts Payable d. Buildings and Common Stock 3. ________ takes all transactions...

  • Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are...

    Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) Cash $2,184.1 7. Inventory $2,327.2 rini 2. Accounts receivable 2,684.2 8. Income taxes payable 80.3 ni Common stock 2,800.3 9. Equipment 1,702.2 4. Notes payable 301.4 10. Retained earnings 5,876.9 5. Buildings 3,704.7 11. Accounts payable 2,420.6 6. Mortgage payable 1,122.9 Perform each of the following. Classify each of these items as an asset, liability, or stockholders' equity, and determine the total...

  • *Exercise 1-15 Suppose the following items were taken from the balance sheet of Nike, Inc. All...

    *Exercise 1-15 Suppose the following items were taken from the balance sheet of Nike, Inc. All dollars are in millions.) 1. Cash 2. Accounts receivable 3. Common stock 4. Notes payable 5. Buildings 6. Mortgage payable $2,291.1 2,883. 9 2,874.2 342.9 3.759.9 1,311.5 7. 8. 9. 10. 11. Inventory Income taxes payable Equipment Retained earnings Accounts payable $2,357 853 1.9522 5.818.9 2.815.3 Perform each of the following. Classify each of these items as an asset, liability, or stockholders' equity, and...

  • Suppose the following items were taken from the balance sheet of Nike, Inc. All dollars are...

    Suppose the following items were taken from the balance sheet of Nike, Inc. All dollars are in millions.) 1. Cash $2,184.1 7. Inventory Income taxes payable $2,327.2 80.3 2. Accounts receivable 2,684.2 8. 3. Common stock %. Equipment 1,702.2 2,800.3 301.4 4. Notes payable 10. Retained earnings 5.876.9 5. Bulldings 3,704.7 11. Accounts payable 2,420.6 6. Mortgage payable 1,122.9 Perform each of the following Classify each of these items as an asset, liability, or stockholders'equity, and determine the total dollar...

  • four items that affect equity The Four Items that affect Equity Activity 2.a - The Four...

    four items that affect equity The Four Items that affect Equity Activity 2.a - The Four items that affect Equity The partial accounting equation of Assets = Liabilities + ? has been given below. Complete the accounting equation by dragging the items that affect equity into the expanded accounting equation in the order of Common Stock + Retained Earnings. Then, identify whether the item increases, '+', or decreases,'", equity, View drag and drop keyboard instructions Accounts Payable Accounts Receivable Revenues...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT