Question: What is considered Assets, Liabilities and owner equity? I cannot get them in the correct sections Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance
What is considered Assets, Liabilities and owner equity? I cannot get them in the correct sections
| Cash |
| Baking Supplies |
| Merchandise Inventory |
| Prepaid Rent |
| Prepaid Insurance |
| Baking Equipment |
| Misc. Supplies |
| Notes Payable |
| Accounts Payable |
| Wages Payable |
| Common Stock |
| Dividends |
| Bakery Revenues |
| Merchandise Sales |
| Baking Supplies Expense |
| Rent Expense |
| Insurance Expense |
| Misc. Expense |
| Business License Expense |
| Advertising Expense |
| Wages Expense |
| Telephone Expense |
| COGS |
| Depreciation Expense |
| Accumulated Depreciation |
| Misc Supplies Expense* |
| Interest Expense* |
| Interest Payable* |
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