Classify each of these items as an asset (A), liability (L), or equity (E)
_____1. Accounts receivable
_____2. Accounts payable
_____ 3. Share capital-ordinary
______4. Supplies
_____ 5. Utiities expense
______6. Cash
_____ 7. Nate payable
______8. Equipment

Question

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The Answer of Classify each of these items as an asset (A), liability (L), or equity (E)
_____1. Accounts receivable
_____2. Accounts payable
_____ 3. Share capital-ordinary
______4. Supplies
_____ 5. Utiities expense
______6. Cash
_____ 7. Nate payable
______8. Equipment

Classify Each of These Items as an Asset (A), Liability