identify each of the following accounts of advanced services co as asset liability o 551191
EX 2-6 Normal balances of accounts
Identify each of the following accounts of Advanced 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.
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identify each of the following accounts of advanced services co as asset liability o 551191
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| a. |
Accounts Payable |
| b. |
Accounts Receivable |
| c. |
Barbara Mallary, Capital |
| d. |
Barbara Mallary, Drawing |
| e. |
Cash |
| f. |
Fees Earned |
| g. |
Office Equipment |
| h. |
Rent Expense |
| i. |
Supplies |
| j. |
Wages Expense |
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