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In the table below give the following information for each account listed: 1. Identify each of the listed accounts as either an asset (A), liability
In the table below give the following information for each account listed: 1. Identify each of the listed accounts as either an asset (A), liability (L), revenue (R), expense (E), of stockholder's equity (SE) account by placing the appropriate initial (A, L, I, E, or SE) in the "Type" column. 2. Indicate whether the normal balance of the account is a debit balance (D) or a credit balance (C) by entering the appropriate initial (D or C) In the "Normal Balance" column. 3. Indicate the financial statement-either the Income Statement (I), the Statement of Retained Earnings (RE), or the Balance Sheet (B)-on which the account will appear by entering the appropriate initial (I, B, or RE) in the "Statement" column
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