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Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. Line Item Description
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. Line Item Description Classification Accounts Receivable Equipment Fees Earned Insurance Expense Prepaid Advertising Prepaid Rent Rent Revenue Salary Expense Salary Payable Supplies Supplies Expense Unearned Rent
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense.
Line Item Description Classification
Accounts Receivable
Equipment
Fees Earned
Insurance Expense
Prepaid Advertising
Prepaid Rent
Rent Revenue
Salary Expense
Salary Payable
Supplies
Supplies Expense
Unearned Rent
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
