Identify each of the following KIND of accounts as a revenue (R), expense (E), asset (A), liability (L), or equity (OE) by placing initials (R,E,A,L or OE) in the blanks and identify the NORMAL NATURE of the account as a debit or a credit
Account Name Kind of Account NORMAL NATURE
R,E,A,L,OE Debit/Credit
Salary Expense
Cash
Equipment
Common Stock
Fee Revenue
Accounts Receivable
Accounts Payable
Retained Earnings
Supplies
Unearned fee Revenue
Prepaid Insurance
Office Furniture