The following are selected accounts of Laura Gibson Company on December 31:

Permanent (P) or Temporary (T) Normal Balance (Dr.) or (Cr.)

Cash __________________________ _________________________

Accounts Receivable ___________________ __________________________

Equipment ___________________________ __________________________

Accounts Payable ______________________ __________________________

Common Stock ________________________ __________________________

Sales ________________________________ __________________________

Purchases _____________________________ ___________________________

Rent Expense _________________________ ____________________________

Utility Expense ________________________ _____________________________

Selling Expense ________________________ _____________________________

1. Indicate if the account is a permanent (P) or Temporary (T) account.

2. Indicate the normal balance in terms of debit (Dr.) or credit (Cr.).