AC 211: Homework 1
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Amounts owed to suppliers
Accounts Payable
Classic Shoe Warehouse's right to collect on amount
Accounts Receivable
Warehouses, stores, and offices
Buildings
Currency and bank account balances
Cash
Common stock issued to stockholders
Common Stock
Merchandise held for sale
Inventory
Amounts owed for promissory notes
Notes Payable
Accumulated profits of the company
Retained Earnings
