Your company is reviewing the following accounts: Bonds payable ..................................... Inventory Dividends .......................................... Accounts payable Cash .................................................

Question:

Your company is reviewing the following ..................................... Inventory
Dividends .......................................... Accounts payable
Cash ................................................. Accounts receivable
Accumulated depreciation-Cars ................. Income taxes payable
Common shares ................................... Net income
Required:
Group the preceding accounts as asset, liability, or shareholders' equity accounts.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...