Exercise 2-4 Identifying type and normal balances of accounts C4 For each of the following, (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) enter debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. a. Land e. Accounts Receivable I. Fees Earned b. Cash f. Dividends J. Equipment c. Legal Expense g. License Fee Revenue k. Notes Payable d. Prepaid Insurance h. Unearned Revenue I. Common Stock