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Classifying Assets Liabilities And Owners Equity1. Cash2. Alice Jones, Capital 3. Prepaid Insurance 4.
Business
High School
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
Answers
Answer 1
Assets - cash, prepaid insurance, supplies, anything owned
Liability - steward supply company, any amount owed,
Owners equity - Alice Jones, owners capital account
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