(10-9 (26+0 (32-27) c) 41-48) Indicate the normal balance of each of the following accounts: a. Sales Returns and Allowances b. Merchandise Inventory c. Cost of Goods Sold d. Payroll Tax Expense e. Unearned Rent f. Sales Discount 8. Canada Pension Plan Payable h. Unearned Revenue 49) Mortgage Payable is what type of account? A) Asset B) Liability C) Expense D) Capital 50) As supplies are used, they become A) an asset B) a liability C) an expense. D) a revenue. 51) The income statement is prepared from the A) balance sheet. B) worksheet C) general journal. D) statement of owner's equity. 52) To determine how much merchandise was returned from a company's customers, the company should review the A) Inventory Account B) Cost of Goods Sold Account. C) Sales Returns and Allowances Account D) Sales Discounts Account