10. Accounts payable a) Owner's equity b) Assetsc) Liabilities 11. John Smith, Withdrawals a) Owner's equity b) Assets c) Liabilities 12. Equipment a) Owner's equity 13. Depreciation expense a)Owner's equity b) Assets c) Liabilities b) Assets c) Liabilities 14. Accumulated depreciation a) Owner's equity b) Assets c) Liabilities 15. Salaries payable a) Owner's equity b) Assets c Liabilities 16. Salary expense a) Owner's equityb) AssetscLiabilities Question 2 For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account. 1. Accounts receivable a) Debit 2. Notes payable a) Debit b) Credit b) Credit 3. Notes receivable a) Debit b) Credit