Requirement 1. Identify each account as an asset (A), liability (L), or equity (E).
Asset (A), Liability (L), or
Equity (E)?
a.
Interest Revenue
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b.
Accounts Payable
C.
Common Stock
a.
Interest Revenue
d.
Office Supplies
b.
Accounts Payable
e.
Advertising Expense
c.
Common Stock
f.
Unearned Revenue
d.
Office Supplies
g. Prepaid Rent
e.
Advertising Expense
h.
Utilities Expense
f.
Unearned Revenue
i.
Dividends
g. Prepaid Rent
j.
Service Revenue
h.
Utilities Expense
i.
Dividends
j.
Service Revenue
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