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Identify whether each account listed below is/has: a) an asset (A), liability (L), owner's equity (O), revenue (R), expense (E), contra-asset (CA), or contra-revenue (CR)
Identify whether each account listed below is/has: a) an asset (A), liability (L), owner's equity (O), revenue (R), expense (E), contra-asset (CA), or contra-revenue (CR) account b) a normal debit (D) or normal credit (C) balance YOU MUST USE THE APPROPRIATE LETTERS (SHOWN IN PARENTHESES) TO SIGNIFY THE ACCOUNT TYPE AND NORMAL BALANCE. Account a) Account Type A, L, O, R, E, CA, CR) b) Normal Balance (D, C) Accounts Receivable Accounts Payable Salary Expense Sales Revenue John Doe, Capital Supplies Unearned Service Revenue Inventory Cost of Goods Sold Accumulated Depreciation Prepaid Insurance John Doe, Withdrawals
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