Essay
Indicate whether each of the following represents (1) Asset, (2) Liability, or (3) Owner's Equity:
1. ________ Office Supplies
2. ________ Accounts Payable
3. ________ Capital
4. ________ Cash
5. ________ Withdrawal
6. ________ Land
7. ________ Accounts Receivable
8. ________ Expense
9. ________ Equipment
10. ________ Revenue
Correct Answer:

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1. Asset
2. Liability
3. Owner...View Answer
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Correct Answer:
Verified
2. Liability
3. Owner...
View Answer
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