For Each of the Following Accounts Indicate (A) the Type

question 124

Essay

For each of the following accounts indicate (a) the type of account (Asset, Liability, Shareholders' Equity, Revenue, Expense), (b) the debit and credit effects, and (c) the normal account balance. $$\begin{array} { | l | l | } \hline \text { Example } & \\ \hline \text { 0. Cash } & \text { a. Asset account } \\\hline & \text { b. Debit increases, credit decreases } \\\hline & \text { c. Normal balance - debit } \\\hline\end{array}$$
Accounts:
1. Accounts Payable
2. Accounts Receivable
3. Common shares
4. Dividends
5. Service Revenue
6. Insurance Expense
7. Notes Payable
8. Equipment

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Definitions:

Menopause

The time in a woman's life, typically between ages 45 and 55, when her menstrual periods cease permanently, and she can no longer conceive naturally.

Life Transition

A period or phase in a person's life involving significant change or transformation in status, roles, or activities.

Cultural Perspective

An approach that considers how cultural beliefs, values, practices, and social norms influence the understanding and interpretation of the world.

Menopause

The phase in a woman's life, typically occurring between 45 and 55 years of age, marking the end of menstrual cycles and reproductive ability.