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Exercise 6 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the
Exercise 6 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the normal balance of the account.
Account Type Normal Balance a. Wages expense b. Accounts Receivable c. Commissions earned d. Salaries payable e. Owner, Capital f. Unearned Advertising Revenue g. Salaries expense h. Season ticket sales i.Owner, Withdrawal j. Prepaid InsuranceStep by Step Solution
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