Selected Accounts from the Ledger of Thomas Company Appear Below

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