Consider the Following Accounts and Identify Each as an Asset

question 201

Essay

Consider the following accounts and identify each as an asset (A),liability (L),or equity (E).
$$\begin{array} { | l | l | } \hline \text { Owner, Capital } &\quad\quad\quad\quad \\\hline \text { Accounts Receivable } & \\\hline \text { Owner, Withdrawals } & \\\hline \text { Service Revenue } & \\\hline \text { Prepaid Rent } & \\\hline\end{array}$$