Indicate whether each of the following accounts represents an asset, liability, or owner's equity:
(a)Accounts Payable
(b)Wages Expense
(c)Capital
(d)Accounts Receivable
(e)Withdrawal
(f)Land

Owner's Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership's claim on assets.

Liabilities

Financial obligations or debts that a company or an individual owes to others.

Asset

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.