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:

Modena Cathedral

A Romanesque cathedral in Modena, Italy, notable for its architectural significance and the sculptural works of Wiligelmo. It is a UNESCO World Heritage Site, exemplary of medieval church architecture.

Relief

A sculptural technique where the sculpted elements remain attached to a solid background of the same material, creating a raised effect.

Wiligelmo

An Italian sculptor of the Romanesque period, known for his work on the Modena Cathedral, notably its creation of biblical scenes in relief on the façade.

Moralia In Job

A significant early medieval commentary on the Book of Job, written by Pope Gregory I around the end of the 6th century.