Selected Accounts for Moonbills Corporation Appear Below

question 172

Essay

Selected accounts for Moonbills Corporation appear below.
Required:
For each account,indicate the following:
Part a.In the first column at the right,indicate the nature of each account,using the following abbreviations: Asset - A,Liability - L,Stockholders' Equity - SE.
Part b.In the second column,indicate the normal balance by inserting dr (for debit)or cr (for credit).