Below is a list of typical accounts.

Required:
For each account, indicate
(1) The type of account
(2) Whether the normal account balance is a debit or credit.
For type of account, choose from asset, liability, stockholders’ equity, dividend, revenue, orexpense.

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Normal Balance (Debit or Credit) Accounts Tvpe of Account 1. Supplies 2. Advertising Expense 3. Prepaid Insurance 4. Supplies Expense 5. Accounts Payable 6. Equipment 7. Dividends 8. Accounts Receivable 9. Retained Earnings 10. Unearned Revenue 11. Service Revenue 12. Utilities Payable