Question: Match the letter corresponding to one of the basic elements of accounting to each of the accounts below. A = Asset L = Liability OE

Match the letter corresponding to one of the basic elements of accounting to each of the accounts below. A = Asset L = Liability OE = Owner's Equity R = Revenue E = Expense 1. Utility Expense 2. Accounts Payable 3. Prepaid Rent 4. Supplies 5. P. Coyote, Drawing 6. Wages Expense 7. P. Coyote, Capital 8. Cash 9. Advertising Expense 10. Fees Earned

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