Identify each of the following accounts of Sydney Services Co. as asset, liability, stockholders' equity, revenue, or
Question:
Identify each of the following accounts of Sydney Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.
a. Accounts Payable
f. Fees Earned
b. Accounts Receivable g. Office Equipment
c. Capital Stock
d. Dividends h. Rent Expense i. Supplies
e. Cash
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Related Book For
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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