Please tell if the following are Assets, liabilities, or equity 1) accounts receivable 2) Smith, capital 3) Wages payable 4) Cash 5) Inventory 6) Taxes payable ( Also what are taxes payable and what account are they under and do they have a DR or CR balance?) 7) Additional paid-in capital 8) Retained earnings 9) Buildings 10) Land

Please tell if the following are Assets, liabilities, or equity 1) accounts receivable 2) Smith, capital 3) Wages payable 4) Cash 5) Inventory 6) Taxes payable ( Also what are taxes payable and what account are they under and do they have a DR or CR balance?) 7) Additional paid-in capital 8) Retained earnings 9) Buildings 10) Land

Name: Please tell if the following are Assets, liabilities, or equity1) acco
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Description: Please tell if the following are Assets, liabilities, or equity1) accounts receivable2) Smith, capital3) Wages payable4) Cash5) Inventory6) Taxes payable ( Also what are taxes payable and what account are they under and do they have a DR or CR balanc

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 4MC: The balance sheet lists which of the following? A. assets, liabilities, and owners equity B....

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