choose the correct answer

#1:- Accounts Payable:-

[_] Balance sheet and asset account

[_] Balance sheet and liability account

[_] Balance sheet and owners' equity account

[_] Income statement account

[_] Statement of retained earnings account

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#2:- Gain on sale of equipment:-

[_] Balance sheet and asset account

[_] Balance sheet and liability account

[_] Balance sheet and owners' equity account

[_] Income statement account

[_] Statement of retained earnings account

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#3:- Bad debt expense:-

[_] Balance sheet and asset account

[_] Balance sheet and liability account

[_] Balance sheet and owners' equity account

[_] Income statement account

[_] Statement of retained earnings account

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#4:- Inventory:-

[_] Balance sheet and asset account

[_] Balance sheet and liability account

[_] Balance sheet and owners' equity account

[_] Income statement account

[_] Statement of retained earnings account

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#5:- Bonds payable:-

[_] Balance sheet and asset account

[_] Balance sheet and liability account

[_] Balance sheet and owners' equity account

[_] Income statement account

[_] Statement of retained earnings account

Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit cash Account #2 Account Type Increase/Decrease Debit/Credit Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account Type Increase Decrease Debit/Credit Account #2Prepaid for rent. Account # 1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit V Owner contribution of furniture in exchange for common stock Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid for a one year insurance policy Account Type Increase/Decrease Debit/Credit Account #1 Increase/Decrease Debit/Credit Account #2 Account Type