Indicate whether each of the following accounts is an asset, a liability, or an owners equity account

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Indicate whether each of the following accounts is an asset, a liability, or an owner’s equity account and whether it has a normal debit or credit balance:
(a) Accounts Receivable,
(b) Accounts Payable,
(c) Equipment,
(d) Owner’s Drawing,
(e) Supplies.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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