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1. List the 5 main types of accounts and indicate whether they are found on the income statement or the balance sheet? 2.What type of

1. List the 5 main types of accounts and indicate whether they are found on the income statement or the balance sheet?

2.What type of account is accounts receivable and why?

3. What type of account in a credit card and why?

4. What is equity comprised of In a for-profit organization?

5. What is equity comprised of In a non-profit organization?

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