Question

Identify each of the following items as assets, liabilities, or equity from the drop down provided. 1. Accounts payable 2. Su
The following table shows the effects of five transactions (through 5) on the assets, liabilities, and equity of Mulans Bout
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Answer #1

Classification

1 Account payable Liabilities
2 Supplies assets
3 taxes payable Liabilities
4 Computer equipment Assets
5 Common Stock equity
6 Land Assets

Note: For question 2 question is not complete

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