Melinda's Magic Store has balances in the following accounts at the end of May. For each of the accounts indicate:
a. the type of account (Asset, Liability, Owner's capital, Owner's drawings, Revenue, Expense),
b. the debit and credit effects, and
c. the normal account balance.

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The Answer of Melinda's Magic Store has balances in the following accounts at the end of May. For each of the accounts indicate:
a. the type of account (Asset, Liability, Owner's capital, Owner's drawings, Revenue, Expense),
b. the debit and credit effects, and
c. the normal account balance.

Melinda's Magic Store Has Balances in the Following Accounts at the End