Book 1.&2. The following are several of the accounts included in a recent balance sheet. Indicate how each account normally should be categorized on a classified balance sheet. Also indicate whether the account normally has a debit or credit balance. 1. Accrued Liabilities 2. Prepaid Rent 3. Cash 4. Common Stock 5. Notes Payable (long-term) 6. Equipment 7. Retained Earnings 8. Accounts Payable Category Normal Balance