The following is a list of ledger account titles extracted from the general ledger of J. Wendall, marketing consultant:

Wages and Salaries Interest Cash at Bank J. Wendall, Capital Accounts Payable Land (Under Mortgage) Furniture Accounts Receivable

Motor Vehicles Rent Mortgage Payable Consultancy Fees Investments  Computers Inventory, Marketing Materials

Required

A. Identify each of the ledger accounts as either an asset, a liability, an income or an expense account. If you think that any of the accounts might fit into more than one of these categories, explain why.

B. For each of the accounts listed, indicate (a) whether increases are recorded as debits or credits and (b) whether the normal balance is a debit or a credit.