Indicate whether the account is an asset (A), liability (
L), stockholders' equity (S
E), revenue (
R) or expense (
E) account. Also indicate if the account would appear on the Balance Sheet (B
S) or Income Statement (I
S) or the Statement of Retained Earnings (SR
E) The first account has been completed for you.

Question

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The Answer of Indicate whether the account is an asset (A), liability (
L), stockholders' equity (S
E), revenue (
R) or expense (
E) account. Also indicate if the account would appear on the Balance Sheet (B
S) or Income Statement (I
S) or the Statement of Retained Earnings (SR
E) The first account has been completed for you.

Indicate Whether the Account Is an Asset (A), Liability (L)