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Consider the following accounts and identify each as an asset (A), liability (L), or equity (E). 1. Rent Expense 2. Common Stock 3. Furniture 4.

Consider the following accounts and identify each as an asset (A), liability (L), or equity (E). 1. Rent Expense 2. Common Stock 3. Furniture 4. Service Revenue 5. Prepaid Insurance 6. Accounts Payable 7. Unearned Revenue 8. Notes Receivable 9. Dividends 10. Insurance Expense

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