A. Check all of the following accounts that would be classified as a current asset.

\begin{array} { | l | l | } \hline \text { Store Equipment } & \\\hline \text { Cash } & \\\hline \text { Land } & \\\hline \text { Petty Cash } & \\\hline \text { Interest Receivable } & \\\hline \text { Accounts Receivable } & \\\hline \text { Building } & \\\hline \text { Merchandise Inventory } & \\\hline \text { Office Equipment } & \\\hline \text { Notes Receivable } & \\\hline\end{array}

B. Check all of the following accounts that would be classified as a current liability.
$A. Check all of the following accounts that would be classified as a current asset. \begin{array} { | l | l | } \hline \text { Store Equipment } & \\ \hline \text { Cash } & \\ \hline \text { Land } & \\ \hline \text { Petty Cash } & \\ \hline \text { Interest Receivable } & \\ \hline \text { Accounts Receivable } & \\ \hline \text { Building } & \\ \hline \text { Merchandise Inventory } & \\ \hline \text { Office Equipment } & \\ \hline \text { Notes Receivable } & \\ \hline \end{array} B. Check all of the following accounts that would be classified as a current liability.$

The Owner of a Firm Had Capital of $170,000 on January

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Correct Answer:Verified1. $194,00...View AnswerUnlock this answer nowGet Access to more Verified Answers free of chargeView Full Answer For Free

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