Identify each of the following items relating to sections of a balance sheet as Current Assets (CA), Property and Equipment (PE), Current Liabilities (CL), Long-Term Liabilities (LTL), or Owner's...


Identify each of the following items relating to sections of a balance sheet as Current Assets (CA), Property and Equipment (PE), Current Liabilities (CL), Long-Term Liabilities (LTL), or Owner's Equity (OE).



  1. Accounts Payable





  2. Equipment





  3. Accounts Receivable





  4. Prepaid Insurance





  5. Mortgage Payable (current)





  6. Office Supplies





  7. Mortgage Payable (due in 3 years)





  8. Unearned Rent





  9. B. Marley, Capital





  10. Notes Payable (due in 3 months)



Jun 01, 2022
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