For Each of the Following Accounts,indicate Whether the Account Is

question 31

Essay

For each of the following accounts,indicate whether the account is an asset (A),liability (L),or stockholders' equity (SE)and whether the account has a normal debit (Dr)or normal credit (Cr)balance.
1.Retained Earnings
2.Supplies
3.Additional paid-in capital
4.Accounts payable
5.Accounts receivable
6.Property and equipment
7.Wages payable
8.Prepaid expenses

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Definitions:

Locus of Control

A psychological concept that refers to individuals' belief about the extent to which their actions influence the outcome of events.

Neuroticism

A personality trait characterized by the tendency to experience negative emotions such as anxiety, anger, or depression.

Anxiety

An emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, stemming from anticipation of future danger or problems.

Hostility

Intense, often aggressive, opposition or animosity towards someone or something.