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Selected Accounts from the Ledger of Thomas Company Appear Below \quad

Question 1

Essay

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:
Asset - A \quad Revenue - R \quad None of the above - N \quad Liability - L \quad Expense - E
b. In the second column, indicate the normal balance of the account by inserting a Dr. or Cr.
 Account  Type of  Account  Normal Balance  1. Office Supplies  2. Accounts Receivable  3. Fees Earned  4. Thomas, Withdrawals  5. Accounts Payable  6. Salaries Expense  7. Thomas, Capital  8. Accounts Receivable  9. Equipment  10. Telephone Expense \begin{array} { | l | c | c | } \hline \text { Account } & \begin{array} { c } \text { Type of } \\\text { Account }\end{array} & \text { Normal Balance } \\\hline \text { 1. Office Supplies } & \underline{\quad\quad} &\underline{\quad\quad} \\\hline \text { 2. Accounts Receivable } & \underline{\quad\quad} &\underline{\quad\quad} \\\hline \text { 3. Fees Earned } & \underline{\quad\quad}&\underline{\quad\quad} \\\hline \text { 4. Thomas, Withdrawals } &\underline{\quad\quad}& \underline{\quad\quad}\\\hline \text { 5. Accounts Payable } & \underline{\quad\quad}&\underline{\quad\quad} \\\hline \text { 6. Salaries Expense } & \underline{\quad\quad}&\underline{\quad\quad} \\\hline \text { 7. Thomas, Capital } & \underline{\quad\quad}&\underline{\quad\quad} \\\hline \text { 8. Accounts Receivable } & \underline{\quad\quad}&\underline{\quad\quad} \\\hline \text { 9. Equipment } &\underline{\quad\quad}&\underline{\quad\quad} \\\hline \text { 10. Telephone Expense } & \underline{\quad\quad} &\underline{\quad\quad} \\\hline\end{array}

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