For each of the following accounts, indicate the (a) effect of a debitor credit on the account, (b) normal balance, and (c) appropriate statement classification (statement of income, statement of changes in equity, and/or statement of financial position). Note that there may be more than one statement classification in some cases. (a) (b) c Debit Effect Credit Effect Normal Balance Statement Classification 1. Accounts payable Decrease v Increase Credit Statement of financial position 2. Debit Statement of income Interest expense Increase Decrease 3. Rent revenue 4. Supplies Notes 5. payable 4, Supplies 5. Notes payable v 6. Land Increase Decrease Debit Statement of ancial position 7. Interest payable v od Prepaid insurance 9 Inventory 10 Retained earnings Decrease increase Credit Statement of changes in cout Statement offrand