Classify each of the following accounts as either an asset (A), liability (L), or equity (EQ) account.
Question:
Classify each of the following accounts as either an asset (A), liability (L), or equity (EQ) account.
1. Prepaid Rent
2. Common Stock
3. Note Receivable
4. Accounts Payable
5. Accounts Receivable
6. Equipment
7. Interest Payable
8. Unearned Revenue
9. Land
10. Prepaid Insurance
11. Wages Payable
12. Rent Payable
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