Select whether each account is an (1) Asset, (2) Liability, or (3) a part of stockholders Equity.

Select the appropriate description based on its effects on the Accounting Equation: Assets Supplies - Equipment Liabilities + Stockholders' Equity Accounts Payable Sales - Rent Expense Dividends Cash + Contributed Capital -10,000 1) +10,000 +600 -600 +200 +200 +500 2) 3) 4) 5) 6) 7) -200 +500 -200 -400 -100 +400 +100 (1) The business paid its rent for tl. (2) [Choose (3) [Choose (4) [Choose (5) [ Choose ] (6) [Choose] (7) [Choose