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. Note 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. Note payable
____8. Equipment

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