EX 2-6 Normal balances of accounts pg. 85 - 87567

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EX 2-6 Normal balances of accounts pg. 85 Identify each of the following accounts of Kaiser Services Co. as asset, liability, owner’s equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. a. Accounts Payable f. Fees Earned b. Accounts Receivable g. Office Equipment c. Amanda Whitmore, Capital h. Rent Expense d. Amanda Whitmore, Drawing i. Supplies e. Cash j. Wages Expense
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Accounts Payable                            Liability                                 credit

Accounts Receivable                      Asset                                     debit