As described in a recent annual report, Digital Diversions, Inc. (DDI) designs, develops, and distributes videogames for computers and advanced game systems. DDI has been operating for only one full year.
Required:
For each of the following accounts from DDI€™s recent balance sheet, complete the following table. Indicate whether the account is classified as a current asset (CA), noncurrent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders€™ equity (SE), and whether the account usually has a debit (dr) or credit (cr) balance.

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Balance Sheet Classification Debit or Credit Balance Account 1. Land 2. Retained Earnings 3. Notes Payable (due in three years) 4. Accounts Receivable 5. Supplies 6. Common Stock 7. Equipment 8. Accounts Payable 9. Cash 10. Income Taxes Payable