Which of the following items are liabilities of siebers jewelry stores? indicate by yes/no.

(a) cash.
(b) accounts payable.
(c) owner’s drawings.
(d) accounts receivable.
(e) supplies.
(f) equipment.
(g) salaries and wages payable.
(h) service revenue.
(i) rent expense.

Accounts Payable -Yes

Salaries and wages payable - Yes

Explanation:

Accounts Payable is the money which the business owes its suppliers. It is a liability.

Salaries and wages refers to the debts of the business to its employees. It is also a liability.

(a) Cash - NO

(b) Accounts payable - YES

(c) Owner’s drawings - NO

(d) Accounts receivable - NO

(e) Supplies - NO

(f) Equipment - NO

(g) Salaries and wages payable - YES

(h) Service revenue - NO

(i) Rent expense - NO

Explanation:

There are 5 basic categories for accounts:

Asset: Something a business has or owns. This includes Cash

Office Supplies or other prepaid expenses

Accounts receivable

Inventory

Equipment

Building

Land

Liability: Something we owe to a non-owner. Some of the examples are; Accounts Payable

Sales Tax Payable

Wages Payable

Payroll Taxes Payable

Unearned Revenue

Mortgage Payable

Notes Payable

Equity: Something we owe to the owners or the value of the investment to the owner

Revenue: Value of the goods we have sold or the services we have performed e.g. Service Revenue

Sales Revenue

Interest Revenue

Expenses: Costs of doing business for example; Cost of Goods Sold

Utilities Expense

Wages Expense

Rent Expense

Supplies Expense

Insurance Expense

Advertising Expense

Bank Fees Expense

what

explanation:

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported