M$2-5($Static$)$ Identifying Accounts on a Classified Balance Sheet and Their Normal Debit or Credit Balances $[$LO $2-1,$ LO $2-3,$ LO $2-4]$

Hasbro, Incorporated, produces popular games such as Trivial Pursuit, Scrabble, and Monopoly. The following are several of the accounts from a recent balance sheet.

Required:

Indicate how each account normally should be categorized on a classified balance sheet. Also indicate whether the account normally has a debit or credit balance.