Question: Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owners equity: a. accounts payable b. cash c.

Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owner’s equity:

a. accounts payable

b. cash

c. fees earned

d. land

e. supplies

f. wages expense



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