For each of the following accounts you are to enter one capital letter in each cell which indicates for each account its normal characteristics. $\begin{array}{|l|l|l|l|l|}
\hline{\text { USE THE LETTER CODE GIVEN }} \
\hline {\text { TYPE OF ACCOUNT }} && {\begin{array}{c}
\text { CLOSING } \
\text { STATUS }
\end{array}} & \begin{array}{l}
\text { NORMAL } \
\text { BALANCE }
\end{array} &{\begin{array}{c}
\text { FINANCIAL } \
\text { STATEMENT }
\end{array}} \
\hline \text { A=Assets } & \text { L=Liabilities } & \text { C=Closed } & \text { D=Debt } & \text { B=Balance Sheet } \
\hline \text { R=Revenue } & \text { E=Expenses } & \text { N=Not Closed } & \text { C=Credit } & \text { I=Income Statement } \
\hline \begin{array}{l}
\text { C=Contra }
\end{array} & \begin{array}{l}
\text { SE=Stockholders' } \
\text { Equity }
\end{array} & & & \begin{array}{l}
\text { SE=Statement of } \
\text { Stockholders` Equity }
\end{array} \
\hline \begin{array}{l}
\text { N=Not } \
\text { Applicable }
\end{array} & & && \begin{array}{l}
\text { N=None of the } \
\text { above }
\end{array} \
\hline
\end{array}$

Question

For Each of the Following Accounts You Are to Enter