Question: Bailey Cleaners has the following balance sheet items. Accounts payable ........Accounts receivable Cash ...........Notes payable Equipment ..........Salaries and wages payable Supplies ...........Common stock Instructions Classify

Bailey Cleaners has the following balance sheet items.

Accounts payable ........Accounts receivable

Cash ...........Notes payable

Equipment ..........Salaries and wages payable

Supplies ...........Common stock


Instructions

Classify each item as an asset, liability, or stockholders’ equity.


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