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Consider the following accounts: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Identify each account as an asset (A), liability
Consider the following accounts: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Identify each account as an asset (A), liability (L), or equity (E). Asset (A), Liability (L), or Equity (E)? a. Interest Revenue b. Accounts Payable C. Calhoun, Capital d. Office Supplies e. Advertising Expense f. Unearned Revenue g Prepaid Rent h. Utilities Expense L Calhoun, Withdrawals Service Revenue More info a. Interest Revenue b. Accounts Payable C. Calhoun, Capital d. Office Supplies e. Advertising Expense f. Unearned Revenue g Prepaid Rent h. Utilities Expense L Calhoun, Withdrawals i A Service Revenue Requirements 1. Identify each account as an asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR). Print Done
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