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Classifying assets liabilities and owners equity 1. Cash 2. Alice Jones, Capital 3. Prepaid insurance 4. Steward supply company (a creditor) 5. Supplies 6. Any amount owed 7. Owners capitol account 8.
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Classifying assets liabilities and owners equity

1. Cash
2. Alice Jones, Capital
3. Prepaid insurance
4. Steward supply company (a creditor)
5. Supplies
6. Any amount owed
7. Owners capitol account
8. Anything owned

User George Koller
by
8.4k points

1 Answer

8 votes
Assets - cash, prepaid insurance, supplies, anything owned

Liability - steward supply company, any amount owed,

Owners equity - Alice Jones, owners capital account
User Patrick Leitermann
by
7.5k points
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