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Required: Indicate whether each of the following accounts would be reported on the balance sheet or income statement of Home Repair Company. Further, if
Required: Indicate whether each of the following accounts would be reported on the balance sheet or income statement of Home Repair Company. Further, if the account is reported on the balance sheet, indicate whether it would be classified with current assets, noncurrent assets, current liabilities, noncurrent liabilities, or stockholders' equity. If the account is reported on the income statement, indicate whether it would be classified as revenue or expense. Finally, for each account, indicate whether the company's accounting records would normally show a debit or credit balance. Account Interest Expense Prepaid Rent Amortization Expense Deferred Revenue Retained Earnings Accumulated Depreciation Financial Statement? Normal Debit or Classification? Credit Balance?
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