Answer Happy

Selected accounts from the ledger of Garrison Company 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 Revenue - R Expense - E Liability - L None of the above - N A Cr. (b) In the second column, indicate the increase side of each account by inserting "Dr." for Debit or "Cr." for Credit Account Type of Account Increase Side (1) Supplies Dr. (2) Fees Earned (3) Retained Earnings (4) Accounts Payable (5) Salaries Expense (6) Common stock (7) Accounts Receivable (8) Equipment (9) Notes Payable
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $466 Fees Earned $3,231 Accounts Receivable 876 Insurance Expense 460 Prepaid Insurance 1,878 Land 2,134 Cash 2,059 Wages Expense 721 Dividends 636 Common stock 5,067 Total assets are O $3,401 $5,067 $6,947 O $3,231