02 Discussion Question Discussion Topic Starts Aug 19,2018 11:26 AM Ends Aug 30, 2018 11:30 PM In this chapter we were provided a chart of accounts with sixteen accounts in exhibit 2 in the text. put it in the subject line for the post. Pick an account, 1. Assets, Liabilities, Owner's Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account you selected included in? 2. The double-entry accounting system has specific rules for recording debits and credits based on the type of account. Describe how these rules apply to the account you selected. How is the account increased and how is it decreased? 3. The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits. What is the normal balance of the account you selected? 4. Think of a transaction that your account would be used in. Do not copy an entry from the book. Describe and illustrate* journalizing the transaction, in the proper journal entry format. ustrat means....something that looks like this (this is just my example, which you cannot use)