a normal BE2.3 (LO 1) K For each the following accounts, indicate (a) if the account...

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a normal BE2.3 (LO 1) K For each the following accounts, indicate (a) if the account is an asset, liability, or own- ers equ

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Answer 1

Answer #1

1.	Accounts receivable	Asset	Debit
2.	Rent expense	Owner's Equity account	Debit
3.	B. Damji, Drawings	Owner's Equity account	Debit
4.	Supplies	Asset	Debit
5.	Unearned revenue	Liability	Credit
6.	Service revenue	Owner's Equity account	Credit
7.	Prepaid insurance	Asset	Debit
8.	Notes payable	Liability	Credit

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Answer 2

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