Help ..help .. help please.. i'm still stuck!!?

Question

I'm horrible at this... this is worse than my nightmares all together..!

Where would these go under....

Assets.. Liabilities.. Capital

if assets.. current or fixed... if liabiliies short or long term

Accounts Payable
mexican supplies
Gun & roses
Mister Frog
(and would the last 3 go under accounts payable??)

:'(

I would apreciatte it :-)

Answer 1

Accounts Payable - short term liabilities (not including loans for finance, infrastructure etc)

The next three items - are these items you are purchasing from someone else (a supplier) or selling to someone else (a customer)

if you purchase the items from a supplier you need to pay for them so the go under accounts payable

If you sell them to someone you need to receive payment from the customer so they go under accounts receivalbe.

Accounts receivable are assets.

Answer 2

have a nightmare? or be in hock?
or none of them?

have a rest, in my opinion. a sweet sleep will bring it away :)

Answer 3

Sorry but I do not know what you are talking about...