Blockbuster, Inc., is the world's leading provider of rentable DVDs and videogames. Blockbuster estimates that 64 percent of the U.S. population lives within a 10-minute drive of a Blockbuster store. The following are several of the accounts included in a recent balance sheet:

Required:
1. Indicate how each account normally should be categorized on a classified balance sheet. Use CA for current asset, NCA for noncurrent asset, CL for current liability, NCL for noncurrent liability, and SE for stockholders' equity.
2. Indicate whether the account normally has a debit or credit balance.

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1. Income Taxes Payable Accounts Receivable 2. 3. Cash 4. Contributed Capital 5. Long-term Debt 6. Property and Equipment 7. Retained Earnings 8. Accounts Payable