Question: The categories are : CA, CL, NCA, NCL, And SE. Normal balance options are : debit, and credit Netfix, Inc. is the world's leading Internet

The categories are : CA, CL, NCA, NCL, And SE.
Normal balance options are : debit, and credit  The categories are : CA, CL, NCA, NCL, And SE. Normal

Netfix, Inc. is the world's leading Internet subscription service for movies and TV shows. Required: 1. & 2. The following are several of the accounts included in a recent balance sheet Indicate how each account normally should be categorized on a classified balance sheet. Use CA for current asset, NCA for noncurrent asset, CL for current liability, NCL for noncurrent liability, and SE for stockholders' equity. Also indicate whether the account normally has a debit or credit balance Category Normal Balance 1. Accrued Liabilities 2. Prepaid Rent 3. Cash 4. Common Stock 5. Note Payable (Iong-term) 6. Equipment 7. Retained Earnings 8. Accounts Payable

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