Assets/Liabilities/Owner's Equity

Paying 6 months of insurance in advance is?

• Asset

• Liability

• Owner's Equity

Accounts Receivable is?

• Asset

• Liability

• Owner's Equity

Supplies are?

• Asset

• Liability

• Owner's Equity

Inventory is

• Asset

• Liability

• Owner's Equity

Accounts Payable is

• Asset

• Liability

• Owner's Equity

Sales Tax Payable is

• Asset

• Liability

• Owner's Equity

Will Smith, Capital is

• Asset

• Liability

• Owner's Equity

Will Smith, Drawing is

• Asset

• Liability

• Owner's Equity

Sales are

• Asset

• Liability

• Owner's Equity

Expenses are

• Asset

• Liability

• Owner's Equity