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Using the Following List of Accounts and Identification Letters a Through

Question 198

Essay

Using the following list of accounts and identification letters A through J for Homer's Management Co., enter the type of account and its normal balance into the table below. The first item is filled in as an example:
A. Common Stock
B. Interest Payable
C. Land
D. Dividends
E. Fees Earned
F. Prepaid Rent
G. Advertising Expense
H. Unearned Rent Revenue
I. Commissions Earned
J. Notes Receivable
\quad \quad \quad \quad \quad Type of Account \text { Type of Account } \quad \quad \quad \quad Normal Balance \text { Normal Balance }
 Asset  Liability  Equity  Debit  Credit AXXBCDEFGHIJ\begin{array} { | c | c | c | c | c | c | c | } \hline & \text { Asset } & \text { Liability } & \text { Equity } & & \text { Debit } & \text { Credit } \\\hline \mathrm { A } & & & \mathrm { X } & & & \mathrm { X } \\\hline \mathrm { B } & & & & & & \\\hline \mathrm { C } & & & & & & \\\hline \mathrm { D } & & & & & & \\\hline \mathrm { E } & & & & & & \\\hline \mathrm { F } & & & & & & \\\hline \mathrm { G } & & & & & & \\\hline \mathrm { H } & & & & & & \\\hline \mathrm { I } & & & & & & \\\hline \mathrm { J } & & & & & & \\\hline\end{array}

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