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 Cost of goods sold >> 2. Common shares Contra 3. Advertising expense . S 4. Buildings 5. Interest payable 6. Dividends declared 7 Cost of goods sold 8 Rent expense 9. Inventory 10 Prepaid rent Save for Later Attempts: 0 of 2 used Submit Answer arch i O Chaud 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. Cost of goods sold 2. Common shares Asset 3. Advertising expense Dividends Declared Expense 4 Buildings Liability 5 Interest payable Revenue Shareholders' Equity 6. Dividends declared > 7 Cost of goods sold > 8 Rent expense 9 Inventory 10 Prepaid rent Safor Later For each of the following accounts, identify what type of account it is and state what its normal balance account type (Asset, Liability, Shareholders' equity, Revenue, Expense, and Dividends declared). If the ac a "Contra" in front of the account type. Type of Account Normal Balance > 1. Cost of goods sold > 2. Common shares Credit Debit > > 4. Buildings > 5. Interest payable > . 6. Dividends declared > > 7. Cost of goods sold > 8. Rent expense 9. Inventory 10 Prepaid rent Attempts: 0 Save for Later