S1-8 Identifying accounts IS B e. Consider the following accounts: a Accounts Payable b. Cash c Common Stock d Accounts Receivable Rent Expense f Service Revenue g Office Supplies h. Dividends Land J. Salaries Expense Identify each account as Asset (A), Liability (L). or Equity (E). 1 E1-20 Using the accounting equation Compute the missing amount in the accounting equation for each entity from the financial information presented Assets Liabilities Equity Hair Styles $ ? $ 36,000 $36,000 90,000 2 48,000 Your Basket 101,000 68,000 2 Style Cuts
