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Ace Accounting's financial records include the following accounts: Advertising Expense Accounts Payable Andy Ace, Withdrawals Cash Software Rent Expense Bank Loan Accounting Service Revenue Accounts
Ace Accounting's financial records include the following accounts: Advertising Expense Accounts Payable Andy Ace, Withdrawals Cash Software Rent Expense Bank Loan Accounting Service Revenue Accounts Receivable Andy Ace, Capital Office Furniture Salary Expense Required: A. Determine if the above accounts are assets (A), liabilities (L), owner's equity (OE), revenue (R), or expense (E) accounts. B. Determine individually if the above accounts would appear on a balance sheet (B), income statement (1), statement of owner's equity (SOE), or cash flow statement (CF)
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