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Several Accounts from the Financial Statements of Madison Company Are

question 182

Essay

Several accounts from the financial statements of Madison Company 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:
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$\begin{array} { l l } \text { Type of Account } & \text { Normal Bal ance } \\A = \text { Asset } & \text { DR } = \text { Debit } \\L = \text { Liability } & \text { CR } = \text { Credit } \\\text { SE = Stockhol ders' Equity } & \\R = \text { Revenue } & \\E = \text { Expense } &\end{array}$ $Several accounts from the financial statements of Madison Company are listed below.In the two columns provided for answers,indicate the type of account and the normal account balance.Use the following identification codes for your answers: ? \begin{array} { l l } \text { Type of Account } & \text { Normal Bal ance } \\ A = \text { Asset } & \text { DR } = \text { Debit } \\ L = \text { Liability } & \text { CR } = \text { Credit } \\ \text { SE = Stockhol ders' Equity } & \\ R = \text { Revenue } & \\ E = \text { Expense } & \end{array}$

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