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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
List the classification of each of the following accounts as A (asset), L (liability), OE (owner’s equity), R (revenue), or E (expense). Write Debit or Credit to indicate the increase side, the decrease side, and the normal balance side.
Â
|
Account |
Classification |
Increase Side |
Normal Balance Side |
Decrease Side |
|
0. Cash |
A |
Debit |
Debit |
Credit |
|
1. Wages Expense |
 |  |  |  |
|
2. Equipment |
 |  |  |  |
|
3. L. Cross, Capital |
 |  |  |  |
|
4. Service Revenue |
 |  |  |  |
|
5. L. Cross, Drawing |
 |  |  |  |
|
6. Accounts Receivable |
 |  |  |  |
|
7. Rent Expense |
 |  |  |  |
|
8. Fees Earned |
 |  |  |  |
|
9. Accounts Payable |
 |
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