Problem

For each of the following (1) identify the type of account as an asset, liability, equity,...

For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) enter debit (Dr.) or credit (Cr) to identify the kind of entry that would increase the account balance.

a Fees Earned


b. Equipment


c. Notes Payable


d. Common Stock


e. Cash


f. Legal Expense


g. Prepaid Insurance


h. Land


i. Accounts Receivable


j. Dividends


k. License Fee Revenue


l. Unearned Revenue

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search