Exercise 2-5 (Algo) Identifying type and normal balances of accounts LO C2 k For each of the following (1) identify the account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit or credit to identify the kind of entry that would increase the account balance. ces Account Type a. Unearned Revenue b. Services Revenue c. Equipment d. Notes Payable e. Common Stock f. Supplies g. Accounts Payable h. Consulting Revenue i. Salaries Expense j Utilities Expense k Prepaid Rent 1. Wages Payable ntifying ces of dentify the equity, tify the it; and (3) fy the ase the k ces Type of Account Normal Balan Asset Equity Expense Liability Revenue Quiz Acce... Saved ave & Exit Subr Check my work B ook ences Normal Balance Increase C Credit Debit Quiz Acce... Saved ave & Exit Su Check my wc B ook ences ice Increase (Dr. or Cr.) Credit Debit