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Label each of the following accounts as asset, liability, owner's equity, revenue, or expense. a. Supplies b. Professional Fees X c. Prepaid Insurance X M.
Label each of the following accounts as asset, liability, owner's equity, revenue, or expense. a. Supplies b. Professional Fees X c. Prepaid Insurance X M. Jones, d. Drawing e. Accounts Payable f. Service Income g. M. Jones, Capital h. Office Equipment Accounts i. Receivable j. Salary Expense X Label each of the following accounts as asset, liability, owner's equity, revenue, or expense. a. Supplies b. Professional Fees X c. Prepaid Insurance X M. Jones, d. Drawing e. Accounts Payable f. Service Income g. M. Jones, Capital h. Office Equipment Accounts i. Receivable j. Salary Expense X
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