Several Accounts from the Financial Statements of Hotlanta Promotions,Inc

question 165

Essay

Several accounts from the financial statements of Hotlanta Promotions,Inc.are listed below.In the two columns provided for answers,indicate the type of account and the normal account balance.Use the following identification codes for your answers:
$$\begin{array} { l c } \text { Type of Account } & \text { Normal Balance } \\\mathrm { A } = \text { Asset } & \mathrm { Dr } = \mathrm { Debit } \\\mathrm { L } = \text { Liability } & \mathrm { Cr } = \text { Credit } \\\mathrm { SE } = \text { Shareholders Equity } & \\\mathrm { R } = \text { Revenue } & \\\mathrm { E } = \text { Expense } &\end{array}$$

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Definitions:

Ocean Currents

Large-scale movements of water within the oceans, driven by factors such as wind, temperature, salinity, and the Earth's rotation.

Glaciation

The process, condition, or result of being covered by glaciers or ice sheets, affecting landscapes through erosion and deposition.

Cold Currents

Cold currents are ocean currents that move cold water from polar regions towards the equator, influencing climate and marine life in their paths.

Warm Currents

Oceanic water movements that transfer heat from tropical to polar regions, influencing climate and weather patterns.