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 Revenue - R None of the above - N

Liability - L 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 ________ ________

Question

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	Revenue - R	None of the above - N
Liability - L	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	________	________

Quizplus · Accepted Answer

The Answer of 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	Revenue - R	None of the above - N
Liability - L	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	________	________

Selected Accounts from the Ledger of Thomas Company Appear Below