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

Question

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

Quizplus · Accepted Answer

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

Selected Accounts from the Ledger of McDaniel Corporation Appear Below