Identify each of the following accounts of Dispatch Services Co. as asset, liability, owner’s equity, revenue, or expense and state in each case whether the normal balance is a debit or a credit:a. Accounts Payableb. Accounts Receivablec. Ashley Griffin, Capitald. Ashley Griffin, Drawinge. Cashf. Fees Earnedg. Office Equipmenth. Rent Expensei. Suppliesj. Wages Expense
Identify each of the following accounts of Dispatch Services Co. as asset, liability, owner’s equity, revenue, or expense and state in each case whether the normal balance is a debit or a credit:a. Accounts Payableb. Accounts Receivablec. Ashley Griffin, Capitald. Ashley Griffin, Drawinge. Cashf. Fees Earnedg. Office Equipmenth. Rent Expensei. Suppliesj. Wages Expense
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.19C
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Identify each of the following accounts of Dispatch Services Co. as asset, liability, owner’s equity, revenue, or expense and state in each case whether the normal balance is a debit or a credit:
a. Accounts Payable
b. Accounts Receivable
c. Ashley Griffin, Capital
d. Ashley Griffin, Drawing
e. Cash
f. Fees Earned
g. Office Equipment
h. Rent Expense
i. Supplies
j. Wages Expense
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