Question
For the accounts listed below, identify the type of account (asset, liability, owners capital, owners drawing, revenue, or expense), the normal balance (debit or credit),
- For the accounts listed below, identify the type of account (asset, liability, owners capital, owners drawing, revenue, or expense), the normal balance (debit or credit), and which financial statement you would find the account on (income statement, owners equity statement, or balance sheet).
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| Type of Account | Normal Balance | Financial Statement |
| A | Cash |
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| B | Accounts Payable |
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| C | Rent Expense |
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| D | Accumulated Depreciation |
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| E | Interest Revenue |
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| F | Notes Payable |
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| G | Advertising Expense |
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| H | Owner's Drawings |
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| I | Equipment |
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| J | Owner's Capital |
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| K | Sales Revenue |
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| L | Prepaid Insurance |
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
978-0134674681
