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Selected Accounts for Moonbills Corporation Appear Below

Question 129

Essay

Selected accounts for Moonbills Corporation appear below.
Instructions: For each account,indicate the following:
(A)In the first column at the right,indicate the nature of each account,using the following abbreviations:
Asset - A,Liability - L,Stockholders' Equity - SE.
(B)In the second column,indicate the normal balance by inserting dr (for debit)or cr (for credit). Selected accounts for Moonbills Corporation appear below. Instructions: For each account,indicate the following: (A)In the first column at the right,indicate the nature of each account,using the following abbreviations: Asset - A,Liability - L,Stockholders' Equity - SE. (B)In the second column,indicate the normal balance by inserting dr (for debit)or cr (for credit).

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