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

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Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders’ equity (retained earnings):
a. Cash
b. Wages expense
c. Accounts payable
d. Fees earned
e. Supplies
f. Land

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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