What is the owner’s equity. accounts receivable 50000 accounts payable 8000 salary expense 5000 office supply expense 1000 tow truck 18000 hoist equipment 15000 bank loan 15000 cash 17000 sup?


  • Is an insurance expense an account payable?

    entry; Insurance Expense (dr) $1,000 Prepaid Insurance (cr) $1,000 January premium expired.

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