Indicate which of these items is an asset (A), liability (L) or owner's equity (OE) account.
_______ (1) Supplies
_______ (2) Klein, Drawing
_______ (3) Building
_______ (4) Note Payable
_______ (5) Taxes Payable

Question

Quizplus · Accepted Answer

The Answer of Indicate which of these items is an asset (A), liability (L) or owner's equity (OE) account.
_______ (1) Supplies
_______ (2) Klein, Drawing
_______ (3) Building
_______ (4) Note Payable
_______ (5) Taxes Payable

Indicate Which of These Items Is an Asset (A), Liability