On a sheet of paper, set up the fundamental accounting equation with T accounts under each of the five account classifications, noting plus and minus signs on the appropriate sides of each account. Under each of the five classifications, set up T accounts—again with the correct plus and minus signs—

for each of the following accounts of Crystal Shoe Repair.

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Cash Accounts Receivable Supplies Equipment Accounts Payable J. Robb, Capital J. Robb, Drawing Income from Services Rent Expense Wages Expense Utilities Expense Miscellaneous Expense