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Indicate Whether Each of the Following Accounts Represents an Asset

Question 200

Essay

Indicate whether each of the following accounts represents an asset, liability, or owner's equity:
(a)Accounts Payable
(b)Wages Expense
(c)Capital
(d)Accounts Receivable
(e)Withdrawal
(f)Land

Correct Answer:

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(a)liability
(b)owne...

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