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- <div class="main">
- </h2><button class="accordion active"><b>Question:</b></button>
- <p><br />
- For each of the following (1) identify the type of account as an
- asset, liability, equity, revenue, or expense, (2) identify the
- normal balance of the account, and (3) enter debit (Dr.) or credit
- (Cr.) to identify the kind of entry that would increase the account
- balance.<br />
- Account Type of Account Normal
- Balance Increase (Dr. or Cr.)<br />
- a. Cash
- <br />
- b. Legal Expense
- <br />
- c. Prepaid Insurance
- <br />
- d. Land
- <br />
- e. Accounts Receivable
- <br />
- f. Dividends
- <br />
- g. License Fee Revenue
- <br />
- h. Unearned Revenue
- <br />
- i. Fees Earned
- <br />
- j Equipment
- <br />
- k Notes Payable
- <br />
- l. Common Stock
- <br />
- <br /></p>
- </h2><button class="accordion active"><b>Answer</b></button>
- <html>
- <head></head>
- <body>
- <p><u>For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) enter debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance:</u></p>
- <p><u><img alt="Type of Normal BalanceDebit /
- Accountof the Account(Credit)
- Debit
- Debit
- Debit
- Debit
- Debit
- Debit
- Credit
- Credit
- Credit
- Debit
- Cr" src="https://d2vlcm61l7u1fs.cloudfront.net/media/cd5/cd5dd774-d3ac-4f66-a78a-982687010900/phpcbZbcC.png" style="height:308px;width:764px;"></u></p>
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