You will start your own service-based business! What is the service (be creative)? List two accounts...

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You will start your own service-based business! What is the service (be creative)? List two accounts under each of the accounting equation categories: Assets, Liabilities, Equity, Revenues, and Expenses After identifying these accounts, answer the following questions: Is the normal balance a debit or credit? What financial statement is the account reported on? Is the account a temporary or permanent account? Is the account closed with a debit or credit? You will start your own service-based business! What is the service (be creative)? List two accounts under each of the accounting equation categories: Assets, Liabilities, Equity, Revenues, and Expenses After identifying these accounts, answer the following questions: Is the normal balance a debit or credit? What financial statement is the account reported on? Is the account a temporary or permanent account? Is the account closed with a debit or credit?

Answer rating: 100% (QA)

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