1. Each account has a normal balance. For the following list of accounts, indicate whether the normal balance of each is a debit or a credit. 2. Each account has a normal balance. Classify each of the...

1. Each account has a normal balance. For the following list of accounts, indicate whether the normal balance of each is a debit or a credit.

2. Each account has a normal balance. Classify each of the following items found on Carnival Corporation’s 2011 financial statements included in the Form 10-K for the year ended November 30, 2011, according to (1) whether it is a revenue (R), expense (E), asset (A), liability (L), or stockholders’ equity (SE) item and (2) whether it has a normal balance of a debit (D) or a credit (C).