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Identify the normal balance (DR for Debit; CR for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-con for contra equity) for each of the following items. Account Normal Balance Account Type [ Select ] Accounts Payable ( Select ] ( Select ) Supplies [ Select ) Inventory [ Select ] [ Select ] Common Stock ( Select ] ( Select) Dividends ( Select ] ( Select ) ( Select ) Salaries Expense [ Select ] Retained Earnings [ Select ) [ Select ] Land ( Select ] [ Select ] Sales [ Select ] [ Select ] Accounts Receivable ( Select ] ( Select ] > > > > >

Identify the normal balance (DR for Debit; CR for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-con for contra equity) for each of the following items. Account Normal Balance Account Type [ Select ] Accounts Payable ( Select ] ( Select ) Supplies [ Select ) Inventory [ Select ] [ Select ] Common Stock ( Select ] ( Select) Dividends ( Select ] ( Select ) ( Select ) Salaries Expense [ Select ] Retained Earnings [ Select ) [ Select ] Land ( Select ] [ Select ] Sales [ Select ] [ Select ] Accounts Receivable ( Select ] ( Select ] > > > > >

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PB: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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Identify the Normal Balance (DR; CR) and type of account (assets, liability, equity, revenue, expense, and contra equity) for each item.

Identify the normal balance (DR for Debit; CR for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-con for contra equity) for each of the following items. Account Normal Balance Account Type [ Select ] Accounts Payable [ Select ] [ Select ] Supplies [ Select ] Inventory [ Select ] [ Select ] Common Stock [ Select ] [ Select ] Dividends [ Select ] [ Select ] [ Select ] Salaries Expense [ Select ] Retained Earnings [ Select ] [ Select ] Land [ Select ] [ Select ] Sales [ Select ] [ Select ] Accounts Receivable [ Select ] [ Select ] > > > > > > > > > > >
Transcribed Image Text:Identify the normal balance (DR for Debit; CR for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-con for contra equity) for each of the following items. Account Normal Balance Account Type [ Select ] Accounts Payable [ Select ] [ Select ] Supplies [ Select ] Inventory [ Select ] [ Select ] Common Stock [ Select ] [ Select ] Dividends [ Select ] [ Select ] [ Select ] Salaries Expense [ Select ] Retained Earnings [ Select ] [ Select ] Land [ Select ] [ Select ] Sales [ Select ] [ Select ] Accounts Receivable [ Select ] [ Select ] > > > > > > > > > > >
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