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

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