Exercise 2-4 Identifying type and normal balances of accounts LO C4 166 For each of the following (t) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account, and (3) select debit(Dr) or credit (C) to identify the kind of entry that would increase the account balance. Swed Account Type of Account Normal Balance increase (Dr. or Cr.) a Land Legal Expense d. Prepaid Insurance e Accounts Receivable Dividends License Fee Revenue Uneared Revenue Refrences Fees Earned Equipment * Notes Payable Common Stock QS 2-7 Analyzing debit or credit by account LO A1 168 Doints Identity whether a debitor credit results in the indicated change for each of the following accounts. a. To increase Land Book Print b. To decrease Cash c. To increase Fees Earned (Revenues) d. To increase Office Expense e. To decrease Unearned Revenue To decrease Prepaid Rent 9 To increase Notes Payable h To decrease Accounts Receivable To increase Common Stock To increase Store Equipment References