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Financial accounting. Thank You. Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of

Financial accounting. Thank You.
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Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) Account a. Equipment b. Notes Payable c. Common Stock d. Supplies e. Accounts Payable 1. Consulting Revenue g. Salaries Expense h. Utilities Expense Prepaid Rent I Wages Payable k Notes Receivable 1. Land

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