Instructions: Using the format provided, identify for each account, including an asterisk for contra accounts:

1. Whether the account will appear on a balance sheet (B/S), income statement (I/S), or neither (N)

2... Whether the account is an asset (A), liability (L), owners equity (OE), revenue (R), expense (E), or other (O)

3. Whether the account is real or nominal

4. Whether the account will be closed or left open at year-end

5. Whether the account normally has a debit (Dr.) or a credit (Cr.) balance

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(1) (2) (3) (4) (5)

B/S, I/S, N A, L, OE, Real or Open or Dr. or

R, E, O Nominal Closed Cr.

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Example: Cash B/S A Real Open Dr.

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(a) Unearned Rent Revenue

(b) Accounts Receivable

(c) Inventory

(d) Accounts Payable

(e) Prepaid Rent

(f) Mortgage Payable

(g) Sales

(h) Cost of Goods Sold

(i) Dividends

(j) Dividends Payable

(k) Interest Receivable

(l) Wages Expense

(m) Interest Revenue

(n) Supplies

(o) Accumulated Depreciation

(p) Retained Earnings

(q) Goodwill

(r) Additional Paid-In Capital