Question: Diehl Cleaners has the following balance sheet items. Accounts payable ........ Accounts receivable Cash ............. Notes payable Equipment .......... Salaries and wages payable Supplies ...........

Diehl Cleaners has the following items.
Accounts payable ........ Accounts receivable
Cash ............. Notes payable
Equipment .......... Salaries and wages payable
Supplies ........... Owner’s capital

Instructions
Classify each item as an asset, liability, or owner’s equity.

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