1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. f. SuppliesAssetg. Accounts PayableLiabilityh. Consulting RevenueCreditCrediti. Salaries ExpenseDebitDebitj Utilities ExpenseDebitDebitk Prepaid RentExpenseI. Wages PayableEquity

Name: 1) identify the type of account as an asset, liability, equity, revenu
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Description: 1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. f.

Permanent Accounts: Permanent accounts meanse those accounts which are shown on balance sheet.…

Answered: f. Supplies Asset g. Accounts Payable…

Business

Accounting

f. Supplies Asset g. Accounts Payable Liability h. Consulting Revenue Credit Credit i. Salaries Expense Debit Debit j Utilities Expense Debit Debit k Prepaid Rent Expense 1. Wages Payable Equity

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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