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Indicate whether each of the following accounts is an asset

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Reference no: EM131138017

1. Indicate whether each of the following accounts is an asset, a liability, or an owner's equity account and whether it has a normal debit or credit balance: 

(a) Accounts Receivable, 

(b) Accounts Payable, 

(c) Equipment,

(d) Owner's Drawing, 

(e) Supplies.

Reference no: EM131138017

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