Below is a list of typical accounts. Required: For each account, select (1) the type of account and (2) whether the normal account balance is a debit or credit. Type of Account Normal Balance (Debit or Credit) Accounts 1. Supplies 2. Advertising Expense 3. Prepaid Insurance 4. Supplies Expense 5. Accounts Payable 6. Equipment 7. Dividends 8. Accounts Receivable 9. Retained Earnings 10. Deferred Revenue 11. Service Revenue 12. Utilities Payable