12.Classify the items listed (1 to 5) under the following balance sheet headings: A- Assets L- Liabilities SE- Shareholders' Equity 1-.. ..Cash .Capital .Equipment ..Accounts payable 2-. 3.. 4-... 5-....

12.Classify the items listed (1 to 5) under the following balance sheet headings:<br>A- Assets<br>L- Liabilities<br>SE- Shareholders' Equity<br>1-..<br>..Cash<br>.Capital<br>.Equipment<br>..Accounts payable<br>2-.<br>3..<br>4-...<br>5-. .<br>.Retained earnings<br>

Extracted text: 12.Classify the items listed (1 to 5) under the following balance sheet headings: A- Assets L- Liabilities SE- Shareholders' Equity 1-.. ..Cash .Capital .Equipment ..Accounts payable 2-. 3.. 4-... 5-. . .Retained earnings

6. Assume that r@ktas Inc., sold inventory on account for $ 2,000. How would this<br>transaction affect r@ktas' accounting equation?<br>a. Increase both assets and liabilities by $ 2,000.<br>b. Increase both assets and shareholders' equity by $ 2,000.<br>c. Increase both liabilities and shareholders' equity by $<br>2,000.<br>d. Increase shareholders' equity $ 72,000.<br>

Extracted text: 6. Assume that r@ktas Inc., sold inventory on account for $ 2,000. How would this transaction affect r@ktas' accounting equation? a. Increase both assets and liabilities by $ 2,000. b. Increase both assets and shareholders' equity by $ 2,000. c. Increase both liabilities and shareholders' equity by $ 2,000. d. Increase shareholders' equity $ 72,000.

Jun 09, 2022

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12.Classify the items listed (1 to 5) under the following balance sheet headings: A- Assets L- Liabilities SE- Shareholders' Equity 1-.. ..Cash .Capital .Equipment ..Accounts payable 2-. 3.. 4-... 5-....

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