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Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate

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Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate the nature of each account, using the following abbreviations: Asset - A Liability - 1 None of the above - N Revenue - R Expense - E (b) In the second column, indicate the INCREASE side of each account by inserting Dr.(Debit) or Cr (Credit). (b) Type of Increase Account Account Side Wages Payable Prepaid Insurance Rental Revenue Dividends Supplies Advertising Expense Common Stock Accounts Receivable Automobile Notes Payable econoces (8) (10) 5 Bonus points 2. Indicate whether each of the following would be reported in the financial statements as a(n) (a)current asset, (b) fixed asset, (c) current liability, (d) revenue, or (e) expense: Accounts Receivable Unearned Fees Office Building Wages Expense (5) Sales Revenue (1) (2) (3)

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