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Problem 5(10 Points) from the ledger of McDaniel Corporation...

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Accounting

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Problem 5(10 Points) from the ledger of McDaniel Corporation appear below. For each account, indicate the following (a) in the first column at the right, indicate the nature of each account, using the following abbreviations: E Asset A Expense-X Stock Holders' Equity- Liability L Revenues R (b) In the second column, indicate the normal balance by inserting Dr. or Cr Type of Normal AccountBalance 1. Service Revenue 2. Accounts Receivable 3. Common Stock 4. Supplies.... 5. Rent Expense. 6. Unearned Service revenue. 7. Copyrights. 8. Accumulated Depreciation-Building. 9. Accounts Payable. 10. Building

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