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question exercise 2 4 ldentifying type and normal balances of accounts lo c4 for eac 4279995

Question

Exercise 2-4 ldentifying type and normal balances of accounts LO C4 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) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance Type of Account Normal Balance Increase (Dr. or Cr.) Account a. Land b. Cash c. Legal Expense d. Prepaid Insurance e. Accounts Receivable f. Dividends g. Li h. Unearned Revenue I Fees Earned icense Fee Revenue Equipment k Notes Payable I. Common Stock

 

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