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Identify Each of the Following Accounts As

Question 252

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Identify each of the following accounts as:

Premises:
Salary Expense
Cash
Equipment
Owner, Capital
Fees Revenue
Accounts Receivable
Accounts Payable
Owner, Withdrawals
Supplies
Unearned Revenue
Prepaid Insurance
Office Furniture
Responses:
revenue (R)
expense (E)
asset (A)
liability (L)
equity (OE)

Correct Answer:

Salary Expense
Cash
Equipment
Owner, Capital
Fees Revenue
Accounts Receivable
Accounts Payable
Owner, Withdrawals
Supplies
Unearned Revenue
Prepaid Insurance
Office Furniture
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