Question
Consider the following list of accounts for Juliet, LLC: 1) Dividends Payable 2) Utilities Expense 3) Interest Revenue 4) Inventory 5) Office Furniture 6) Accrued
Consider the following list of accounts for Juliet, LLC: 1) Dividends Payable 2) Utilities Expense 3) Interest Revenue 4) Inventory 5) Office Furniture 6) Accrued Interest Revenue 7) Unearned Interest Revenue 8) Common Stock 9) Additional Paid-In Capital 10) Patents and Trademarks For the accounts shown above, identify the following for each: Account type (i.e., asset, liability, owners' equity, revenue, expense, or dividends) Financial statement on which the account appears Whether the account is current, noncurrent, or neither (i.e., does not apply) Normal balance (i.e., debit or credit) Whether or not the account is closed at the end of an accounting period (i.e., Yes or No)
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