1) Basic concepts. Jean’s Marine Supply specializes in the sale of boating equipment and acces-sories. Identify the items that supervene as an asset (A), impost (L), return (R), or cost (E) from the firm’s viewpoint. The list of boating preparation owned by the aggregation. (A) Monthly rental score hired ce provision distance. (L) A hypothecation becoming to Citizens Bank. (L) New computer equipment purchased to treat daily proceedings care. (A) Daily sales made to customers. (R) Amounts attributable from customers. (R) Land owned by the aggregation to be used as a coming provision site. (A) Weekly salaries hired to salespeople. (E)
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