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Identify the assets and liabilities

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Reference no: EM132483583

HomeCo Home Health Services reported the following at May 31, 2012:

Total Expenses $1,600

Accounts Payable $300

Buildings $5,500

Prepaid expenses $150

Accrued Liabilities $250

Accumulated Depreciation $2,450

Interest Expense $70

Accounts Receivable $600

Equipment $950

Cash $900

Service Revenue $1,400

Question 1: Identify the assets (including contra assets) and liabilities.

Question 2: Classify each asset and each liability as current or long-term liabilities.

Reference no: EM132483583

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