What are the normal account balances for the following accounts: a) Equipment b) Unearned Revenue c) Supplies
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a) Equipment
b) Unearned Revenue
c) Supplies Expense
d) Accounts Payable
e) Retained Earnings? Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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