February 21, 2017

Homework Help: Accounting

Posted by Jenna on Tuesday, August 24, 2010 at 8:48pm.

Please check my answers.

Identify each of the following as either assets, liabilities, or owner's equity.
1. Petty cash- Owner's Equity
2. Mortgage payable- Liabilities
3. Furniture- Assets
4. Owner's Capital- Owner's Equity
5. Food inventory- Assets
6. Profit- Owner's Equity

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