2. Indicate whether each of the following items is: an Asset , liability, or part of Owner's equity. (a) Accounts receivable (b) Salaries and wages payable (c) Equipment (d) Supplies (e) Owner's capital (f) Notes payable

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter6: Analysing And Journalizing Payroll
Section: Chapter Questions
Problem 15QR
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2. Indicate whether each of the following items is:
an Asset , liability, or part of Owner’s equity.
(a) Accounts receivable
(b) Salaries and wages payable
(c) Equipment
(d) Supplies
(e) Owner’s capital
(f) Notes payable
Transcribed Image Text:2. Indicate whether each of the following items is: an Asset , liability, or part of Owner’s equity. (a) Accounts receivable (b) Salaries and wages payable (c) Equipment (d) Supplies (e) Owner’s capital (f) Notes payable
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