Essay
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, E, A, L or E) in the blanks._____ (1) Rent Expense _____ (2) Cash _____ (3) Equipment _____ (4) Owner, Capital _____ (5) Revenue _____ (6) Accounts Receivable _____ (7) Accounts Payable _____ (8) Owner, Withdrawals _____ (9) Supplies _____ (10) Unearned Revenue _____ (11) Prepaid Insurance _____ (12) Sales
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(1) E (2) A (3) A (4...View Answer
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