For each item that follows, tell whether it is an asset, a liability, or a shareholders equity

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For each item that follows, tell whether it is an asset, a liability, or a shareholders’ equity item.
1. Prepaid insurance
2. Accounts receivable
3. Retained earnings
4. Cash
5. Notes payable
6. Supplies

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:14 PM

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For each item that follows, tell whether it is an asset, a liability, or a shareholders equity

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Financial Accounting: A Business Process Approach

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