For Each of the Following Accounts,state Type of Account and the Normal

Essay

For each of the following accounts,state type of account and the normal account balance.Assume a periodic inventory system.
$$\begin{array} { | l | l | l | } \hline \text { Account Title } & \text { Type of Account } & \text { Normal Account Balance } \\\hline \text { Purchase Returns and } & & \\\text { Allowances } & & \\\hline \text { Merchandise Inventory } & & \\\hline \text { Purchases } & & \\\hline\end{array}$$