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1. Accounts Payable a. asset b. liability c. revenue d. expense 2. Equipment a. asset b. liability c. revenue d. expense 3. Fees Earned a.

1. Accounts Payable a. asset b. liability c. revenue d. expense 2. Equipment a. asset b. liability c. revenue d. expense 3. Fees Earned a. asset b. liability c. revenue d. expense 4. Insurance Expense a. asset b. liability c. revenue d. expense 5. Prepaid Advertising a. asset b. liability c. revenue d. expense 6. Prepaid Insurance a. asset b. liability c. revenue d. expense 7. Rent Revenue a. asset b. liability c. revenue d. expense 8. Salary Expense a. asset b. liability c. revenue d. expense 9. Salary Payable a. asset b. liability c. revenue d. expense 10.Supplies a. asset b. liability c. revenue d. expense 11.Supplies Expense a. asset b. liability c. revenue d. expense 12.Unearned Rent a. asset b. liability c. revenue d. expense

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