Classify Each of These Items as an Asset (A), Liability

question 16

Essay

Classify each of these items as an asset (A), liability (L), or stockholders' equity (SE).
_____ 1. Accounts receivable
_____ 2. Accounts payable
_____ 3. Common stock
_____ 4. Supplies
_____ 5. Retained earnings
_____ 6. Cash
_____ 7. Notes payable
_____ 8. Equipment

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Definitions:

Chronological Résumé

A type of resume layout that lists work history in reverse chronological order, starting with the most recent position.

Logical Preparation

The process of systematically organizing ideas or arguments in a coherent manner to achieve clarity and effectiveness in communication or problem-solving.

Skills Résumé

A résumé organized around the skills you’ve used, rather than the date or the job in which you used them.

Volunteer Work

Unpaid tasks or services performed by individuals or groups to benefit their community, a specific group of people, or the environment.