Selected accounts from the ledger of Thomas Company appear below. For each account, indicate the following:
a. In the first column at right, indicate the type of each account using the following abbreviations:
b. In the second column, indicate the normal balance of the account by inserting a Dr. or Cr.

Question

Selected accounts from the ledger of Thomas Company appear below. For each account, indicate the following:
a. In the first column at right, indicate the type of each account using the following abbreviations:
  b. In the second column, indicate the normal balance of the account by inserting a Dr. or Cr.

Quizplus · Accepted Answer

The Answer of Selected accounts from the ledger of Thomas Company appear below. For each account, indicate the following:
a. In the first column at right, indicate the type of each account using the following abbreviations:
  b. In the second column, indicate the normal balance of the account by inserting a Dr. or Cr.

Selected Accounts from the Ledger of Thomas Company Appear Below