Henderson Company has the following accounts. For each account, state whether it is an asset, liability, owners
Question:
Henderson Company has the following accounts. For each account, state whether it is an asset, liability, owner’s equity, revenue, or expense, and whether the normal balance is a debit or a credit.
a. Accounts Payable
b. K. Henderson, Capital
c. Cash
d. Wages Expense
e. Computer Equipment
f. K. Henderson, Withdrawals
g. Rent Expense
h. Training Fees Earned
i. Accounts Receivable
j. Office Equipment
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a Liability Cr b Owners Equity Cr c As...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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