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Question 2 Listed below is a list of accounts: ...

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Question

Accounting

Question 2

Listed below is a list of accounts:

Assets (A), Liabilities (L), Revenue (R), Expenses (E) or Owners Equity (OE)

Income Statement (IS) or Balance Sheet (BS)

Normal balance

Debit (D) or Credit (C)

Accounts

Example :

Accounts payable

L

BS

C

a.

Accounts receivable

________

________

________

b.

Accumulated depreciation

________

________

________

c.

Advertising expense

________

________

________

d.

Cash

________

________

________

e.

Unearned revenues

________

________

________

f.

Depreciation expense

________

________

________

g.

Owner, Withdrawals

________

________

________

h.

Equipment

________

________

________

i.

Owner, Capital

________

________

________

j.

Salaries payable

________

________

________

k.

Revenue

________

________

________

You are required to:

Classify each account into the correct chart of accounts. Indicate whether it is included in the Income Statement or Balance sheet and the normal balance when it is closed.

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