Question

The following accounts were taken from a company's balance sheet:
Supplies ................ Interest payable
Retained earnings ............. Equipment
Prepaid insurance ............. Salaries payable
Required
For each account, indicate whether the account is an asset, a liability, or an equity account. Also indicate the specific asset, liability, or equity classification the account would be reported under on the balance sheet. For example, cash is an asset that would be reported as a current asset.


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  • CreatedJuly 16, 2015
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