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1. Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable b. Common Stock c.

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1. Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable b. Common Stock c. Prepaid Insurance d. Notes Payable e. Rent Revenue (1) (2) (3) (4) (5) f. Taxes Payable g. Rent Expense h. Furniture (6) (7) i. Dividends 1. Unearned Revenue (9) (10) (9) (10) (1) (2) (3) (4) (5) (6) (7) (8) OAOA OAOA OAOA OLOL OLOL OE oooo 2. For each account, identify whether the normal balance is a debit (DR) or credit (CR). a. Notes Payable b. Dividends (2) c. Service Revenue (3) d. Land e. Unearned Revenue (5) f. Common Stock g. Utilities Expense (7) (8) h. Office Supplies i. Advertising Expense 1. Interest Payable (9) (10) (1) O (2) o (3) oo (4) O (5) o (6) O (7) O (8) O (9) o (10) o O DRODRODRO DRODRODRO DR DR O DRODR O CROCRO CROCRO CROCRO CROCRO CROCR

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