213. For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the normal balance of the account.
Account Title
Account Type
Normal Balance (Debit or Credit)
a. Prepaid Insurance
b. Accounts Payable
c. Common Stock
d. Utilities expense
e. Land
f. Services revenue
g. Notes Receivable
h. Advertising expense
i. Unearned Revenue
j. Service Revenue
214. Thesteps in the accounting process focus on analyzing and recording financial transactions and events within a company. Those steps are shown below. Using the number system of 1 as the first step and 4 as the last step in the process, number the steps in the correct order in which they would occur (1 thru 4).
_____Record relevant transactions and events in a journal,
_____Post journal information to the ledger accounts
_____Prepare and analyze the trial balance
_____Analyzing each transaction
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