Identify each of the following accounts of Haifa Services Co. as asset, liability, stockholders equity, revenue, or
Question:
Identify each of the following accounts of Haifa Services Co. as asset, liability, stockholders’ 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. Cash
d. Capital Stock
e. Dividends
f. Equipment
g. Fees Earned
h. Rent Expense
i. Salary Expense
j. Supplies
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a Liabilitycredit b Assetdebit c Assetdeb...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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