Question

Select the letters of ALL accounts that are classified as ASSETS. *There may be one or more answers. *

Accounts Payable—Bales Supplies

Accounts Receivable Steven Johnson

Cash

Kathy Smith, Capital

Kathy Smith, Drawing

Prepaid Insurance

Rent Expense

Supplies

Answer 1

Answer:

Accounts Receivable - Steven Johnson; Cash; Kathy Smith, Capital; Prepaid Insurance; Supplies

Explanation:

Assets are thing you own. Therefor, this would include anything prepaid, any cash coming in, and supplies.