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For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) iden
Posted: Sun Jun 05, 2022 9:18 pm
by answerhappygod
- For Each Of The Following 1 Identify The Type Of Account As An Asset Liability Equity Revenue Or Expense 2 Iden 1 (87.98 KiB) Viewed 40 times
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. Account Type of Account Normal Balance Increase (Dr. or Cr.) a. Land b. Cash c. Legal Expense d. Prepaid Insurance e. Accounts Receivable f. Dividends g. License Fee Revenue h. Unearned Revenue i. Fees Earned j Equipment k Notes Payable I. Common Stock