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Required: Indicate whether each of the following is an asset (A), liability (L), or a shareholders’ equity (E) item.
- Accounts payable
- Accounts receivable
- Bank loan
- Cash
- Equipment
- Insurance expense
- Loan payable
- Prepaid insurance
- Rent expense
- Repair revenue
- Share capital
- Truck operating expense
- Unused office supplies
- Dividends
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