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PLEASE VERIFY IF THESE ARE CORRECT OR NOT, THANK YOU. As part of the...

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Accounting

imagePLEASE VERIFY IF THESE ARE CORRECT OR NOT, THANK YOU.

As part of the team examining Go-for-IT's financial statements, you are particularly interested in the company's resources and debts. Classify each of the following as being either assets or liabilities. Patents filed by Go-for-IT's research-and-development department Salaries payable in the future to Go-for-IT's employees Merchandise in stock but not yet sold Mortgage payments to be made next year Loan payment for computer equipment Money owed by customers to Go-for-IT

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