For each of the following accounts, state whether it is an asset, a liability, or owner’s equity; also state whether it would normally have a debit or a credit balance:

(a) Office Equipment,

(b) John Williams, Capital,

(c) Accounts Receiva¬

ble,

(d) Accounts Payable,

(e) Cash,

(f) Notes Payable, (g) Land. LO5