Capital e lee liken - Study guides, Class notes & Summaries

Normal balances of accounts Lee Liken owns and operates Liken Services C1QuestionNormal balances of accounts Lee Liken owns and operates Liken Services Co. Identify each of the following accounts of Liken Services Co. as asset, liability, owner's equity, revenue, or expense, and st case whether the normal balance is a debit or a credit: Item Type of Account Debit or Credit a. Accounts Payable b. Accounts Receivable c. Cash d. Lee Liken, Capital e. Lee Liken, Drawing f. Fees Earned g. Land h. ...