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QUESTION 1 (12 marks) Given the following accounts. Owner's Normal Asset Liability Equity Revenue | Expense Balance Account Dr Cr e.g. Cash X X a)

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QUESTION 1 (12 marks) Given the following accounts. Owner's Normal Asset Liability Equity Revenue | Expense Balance Account Dr Cr e.g. Cash X X a) Sales Commission Payable b) Service Revenue C) Supplies Expense d) Inventories e) Accounts Receivable f) Smith, Capital g Smith, Drawings h) Prepaid Rent Unearned Service Revenue Salary Payable k) Interest Earned Loan Payable Required: Copy the table on to your answer paper and use the symbol "X" on the respective column to classify each of the accounts and indicate its normal balance. The Cash account (first row) of the table is given as an example. Each row should have only two (2) Xs )

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