ACC 225
Axia College of University of Phoenix (UoP)
Financial Accounting
Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)
ACC 225 Solution
Help in ACC 225
Exercise 2-1 (E2-1) For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) enter debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance, and (3) identify the normal balance of the account.
a. Unearned Revenue e. Land i. Cash
b. Accounts Payable f. Owner Capital j. Equipment
c. Postage Expense g. Accounts Receivable k. Fees Earned
d. Prepaid Insurance h. Owner Withdrawals l. Wages Expense
Click here for the SOLUTION
