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Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) account. A EQ a. Prepaid Service Fees b. Common Stock

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Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) account. A EQ a. Prepaid Service Fees b. Common Stock c. Prepaid Parking d. Retained Earnings e. Supplies f. Taxes Payable g. Prepaid Rent h. Interest Payable i. Utilities Payable Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Land b. Note Receivable c. Equipment d. Retained Earnings e. Legal Expense f. Dividends g. Taxes Payable h. Common Stock i. Wages Payable

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