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Classify each of the accounts below according to the following guidelines: Balance Sheet accounts should be classified as an asset, liability, or owner's equity and

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Classify each of the accounts below according to the following guidelines: Balance Sheet accounts should be classified as an asset, liability, or owner's equity and include the normal balance type of each account. Income Statement accounts should be classified as a revenue or expense and include the normal balance type of each account. Account Account Classification Normal Balance Title: 1. Daskle, Capital 2. Cash 3. Accounts Payable 4. Supplies 5. Insurance Expense Account Title: Account Classification Normal Balance 6. James, Drawing 7. Fees Earned 8. Accounts Receivable 9. Supplies Expense 10. Unearned Fees

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