Question: (A) State whether each account is an asset, liability, equity, revenue, or expense. (B) If the account is an asset, state whether current or PPE.

(A) State whether each account is an asset, liability, equity, revenue, or expense. (B) If the account is an asset, state whether current or PPE. (C) If the account is a liability, state whether it is current or long-term. The following are the accounts: (1) Cash (2) Unearned revenue (3) Utilities expense (4) Supplies (5) Accounts payable (6) Miscellaneous expense (7) Retained earnings (8) Accumulated depr-equip (9) Prepaid rent (10) Accounts receivable (11) Wages expense (12) Notes payable (13) Equipment (14) Advertising expense (15) Dividends (16) Common stock, $2par (17) Rental expense (18) Notes receivable (19) Supplies expense (20) Fees earned *******PLEASE answer the question by stating the answers next to the correct number for each account (you do not have to state why; but please be clear in your answers) [For instance, (1) cash is an asset or (1) asset] ****

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