10 5 points eBook Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. Account a. Accounts Payable Type of Account Normal Balance Increase (Dr. or Cr.) Print b. Consulting Revenue References c. Salaries Expense d. Utilities Expense e. Prepaid Rent f. Wages Payable g. Notes Receivable h. Land i. Cash j Legal Expense k Prepaid Insurance I. Accounts Receivable