CLASSIFICATION OF ACCOUNTS

INSTRUCTIONS:The customary classifications for accounts listed in the chart of accounts are listed below. For each of the 10 accounts listed below, classify each account by typing the appropriate letter class (A, B, C, D, or E) for each account and indicate the normal balance for each account by typing "Debit" or "Credit" in the space provided below for your answer.

CLASSES

A. Assets B. Liabilities C. Owners equity D. Revenue E. Expenses

			Normal Balance
ACCOUNTS	Classification		Debit	Credit
0. Cash................................................................................................	A		X
1. Notes Payable...............................................................................
2. Supplies.........................................................................................
3. Unearned Fees.............................................................................
4. Land................................................................................................
5. Prepaid Insurance........................................................................
6. April Saran, Capital......................................................................
7. Unearned Rent..............................................................................
8. Rent Expense................................................................................
9. Office Equipment.........................................................................
10. Accounts Receivable...................................................................