Accounting Questions
Accounting Questions Pasadena City College Accounting 001 Spring 2022 1A Assessment Quiz
Classify each of these items as an asset, liability, or stockholders’ equity.
1. Accounts Receivable __________
2. Accounts Payable __________
3. Common Stock __________
4. Supplies __________
5. Retained Earnings __________
6. Cash __________
7. Notes Payable __________
8. Equipment __________
Classify each of these items as an asset, liability, or stockholders’ equity.
1. Accounts Receivable Asset
2. Accounts Payable Liability
3. Common Stock Stockholders’ Equity
4. Supplies Assets
5. Retained Earnings Stockholders’ Equity
6. Cash Asset
7. Notes Payable Liability
8. Equipment Asset