State whether the normal balance of each of the following accounts is a debit or credit.
Definitions:
Loans Receivable
Financial assets representing money lent by an entity to a third party, for which the lender expects repayment.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Bank Notes
Paper money issued by a central bank, constituting a common form of legal tender in many economies around the world.
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