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Activity 3.a Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by d
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As desired in the question the each account has been classified in appropriate head of accounting equation
Assets Liabilities Common Stock Dividends Revenue Expense
Accounts receivable Salaries Payable Common Stock Dividends Service revenue Supplies expenses
Cash Utilities Payable Interest revenue Utilities expenses
Furniture Accounts payable Interest expenses
Interest payable Salaries expenses
Rent payable Repair expenses
Notes payable
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