Question: just problem 3 Problem 2 (10 Points) For the items listed below, fill in the appropriate code letter to indicate whether the item is an
Problem 2 (10 Points) For the items listed below, fill in the appropriate code letter to indicate whether the item is an asset, liability, or stockholders' equity item. Code Asset A Liability L Stockholders' Equity SE 1. Equipment 6. Cash 2. Common Stock 7. Accounts Receivable 3. Accounts Payable 8. Retained Earnings 4. Service Revenue 9. Copyrights 5. Advertising Expense 10. Bonds Payable Problem 3 (3 Points) Compute the missing amount in each category of the accounting equation. You MUST show your work. Assets Liabilities Stockholders' Equity (a) $240,000 $? $ 110,000 (b) $200,000 $ 60,000 (c) $2 $140,000 $210,000
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