Solved

Match Each of the Accounts Listed Below with the Appropriate

Question 176

Matching

Match each of the accounts listed below with the appropriate balance sheet classification.

Premises:
Common stock
Cash
Inventory
Accounts payable
Notes payable
Contributed capital
Retained earnings
Accounts receivable
Responses:
Assets
Liabilities
Shareholders' equity

Correct Answer:

Common stock
Cash
Inventory
Accounts payable
Notes payable
Contributed capital
Retained earnings
Accounts receivable
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