FINANCIAL ACCOUNTING PAGE 5 PROBLEM 5 (13 points) Identify each of the accounts listed below as an asset, liability, stockholder's equity, revenue, or expense and indicate the normal balance of each. Account Classification Normal Balance 1. Common Stock 2. Cash Dividends 3. Stock Dividends Distributable 4. Discount on Preferred Stock.............. ..... 5. Dividends Payable 6. Organization Expenses 7. Paid-in Capital from Sale of Treasury Stock... 8. Treasury Stock..... 9. Retained Earnings 10. Preferred Stock 11. Stock Dividends..... 12. Paid-in Excess of Par 13. Discount on Common Stock