Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a) asset, (b) liability, (c) revenue, or (d) expense. 1. Accounts Payable                           ...

Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a) asset, (b) liability, (c) revenue, or (d) expense.

1. Accounts Payable                            7. Rent Revenue

2. Equipment                                       8. Salary Expense

3. Fees Earned                                                 9. Salary Payable

4. Insurance Expense                           10. Supplies

5. Prepaid Advertising                                     11. Supplies Expense

6. Prepaid Insurance                            12. Unearned Rent