For each of the following accounts, identify what type of account it is and state what its normal balance would be. Use the following for account type (Asset, Liability, Shareholders equity, Revenue, Expense, and Dividends declared). If the account is a contra account, put a Contra in front of the account type.

				Type of Account				Normal Balance
1.		Common shares		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
2.		Dividends declared		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
3.		Cost of goods sold		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
4.		Retained earnings		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
5.		Accumulated depreciation, equipment		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
6.		Rent expense		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
7.		Unearned revenue		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
8.		Prepaid insurance		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
9.		Land		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit
10.		Dividends payable		Contra		AssetDividends DeclaredExpenseLiabilityRevenueShareholders Equity		CreditDebit