3.6 Normal account balances Each account has a normal balance. For the following list of accounts indicate whether the normal balance of each is a debit or a credit. Account Normal balance 1. Cash 2. Prepaid insurance 3. Retained earnings 4. Bonds payable 5. Investments 6. Capital stock 7. Advertising fees earned 8. Wages and Salaries Expense 9. Wages and Salaries Payable 10. Office Supplies 11. Dividends