Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owner’s equity: a. accounts receivable

Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owner’s equity:

a. accounts receivable
b. accounts payable
c. cash
d. fees earned
e. land
f. rent expense
g. supplies

Answers:
a. (1)  asset
b. (2)  liability
c. (1)  asset
d. (3)  owner’s equity (revenue)
e. (1)  asset
f. (3)  owner’s equity (expense)
g. (1) asset