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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