Question

Identify each of the following accounts as a revenue (R), expense (E), asset (A), liability (L), or equity (OE) by placing initials (R,E,A,L or OE) in the blanks.
1. Unearned Fee Revenue
2. Fees Revenue
3. Owner, Capital
4. Supplies
5. Salary Expense
6. Cash
7. Accounts Receivable
8. Prepaid Insurance
9. Accounts Payable
10. Office Furniture
11. Equipment
12. Owner, Withdrawals

Answer

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