i. Fees Earned j. Equipment k. Notes Payable I. Owner, Capital a. Land e. Accounts Receivable 1. Owner, Withdrawals g. License Fee Revenue b. Cash c. Legal Expense d. Prepaid Insurance h. Unearned Revenue

i. Fees Earned j. Equipment k. Notes Payable I. Owner, Capital a. Land e. Accounts Receivable 1. Owner, Withdrawals g. License Fee Revenue b. Cash c. Legal Expense d. Prepaid Insurance h. Unearned Revenue

Name: For each of the following (1) identify the type of account as an asset
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Description: For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) enter debit (Dr.) or credit (Cr.) to identify the kind of entry that would increas

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 2CYBK: In the revenue cycle, the most significant accounts typically include revenue and accounts...

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