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EX 2-8 Normal balances of accounts 2 Identify each of the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense,
EX 2-8 Normal balances of accounts 2 Identify each of the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. a. Accounts Payable f. Fees Eamed b. Accounts Receivable & Office Equipment c. Barbara Mallary, Capital h. Rent Expense d. Barbara Mallary, Withdrawals 1. Supplies e. Cash j. Wages Expense oh of the items
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