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:
Asset - A Liability - L None of the above - N
Expense - E Revenues - R
(b) In the second column, indicate the normal balance by inserting Dr. or Cr.

Question

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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:
Asset - A Liability - L None of the above - N
Expense - E Revenues - R
(b) In the second column, indicate the normal balance by inserting Dr. or Cr.

Selected Accounts from the Ledger of McDaniel Corporation Appear Below