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Question #2 - 10 marks Mike's Pancake Shop has balances in the following accounts at the end of May: 1. Supplies 6. Owner's Capital 2.
Question #2 - 10 marks Mike's Pancake Shop has balances in the following accounts at the end of May: 1. Supplies 6. Owner's Capital 2. Accounts Receivable 7. Prepaid Insurance 3. Unearned Revenue 8. Equipment 4. Salaries Payable 9. Accounts Payable 5. Sales Revenue 10. Noles Payable Required: For each of the accounts indicate: a) the type of account (Asset, Liability, Owner's capital, Owner's drawings, Revenue, Expense). b) the debit and credit effects, and c) the normal account balances
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