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Part C: For the following problem, indicate the type of account (Asset, Liability. Owner's Equity, Revenue or Expense), whether it has a normal ending credit

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Part C: For the following problem, indicate the type of account (Asset, Liability. Owner's Equity, Revenue or Expense), whether it has a normal ending credit or debit balance, and which main statement it appears on (Income Statement or Balance Sheet). The first one is done for you as an example: Type of Account Asset, Liability, Owner's Equity Revenue or Expense Normal Ending Balance: Debit or Credit Principal Statement Income Statement (1/S) or Balance Sheet (B/S) Accounts payable Liability Credit B/S Land Wage expense Equipment Cash Contributed capital Supplies Insurance expense Interest payable Tax expense Prepaid insurance Sales revenue Accounts receivable Rent expense Unearned revenue Notes Payable Owner's withdrawal of cash

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