Question 23 0/1 point For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 7. Smith, Drawings Asset Liability V Equity Revenue Expense V Real Nominal For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 10. Interest income V Asset Liability Equity Revenue Expense V Real Nominal

Question 23 0/1 point For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 7. Smith, Drawings Asset Liability V Equity Revenue Expense V Real Nominal For each of the following, insert TWO answers. The first answer identifies the account type: asset, liability, equity, revenue, or expense. The second answer identifies the account as real or nominal. 10. Interest income V Asset Liability Equity Revenue Expense V Real Nominal

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 8PA: Identify the normal balance (Dr for Debit; Cr for Credit) and type of account (A for asset, L for...

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