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For each the following accounts, indicate (a) if the account is an asset, liability, or owner's equity account; and (b) whether the account would have
For each the following accounts, indicate (a) if the account is an asset, liability, or owner's equity account; and (b) whether the account would have a normal debitor credit balance. (a) (b) Account Type of Account Normal Balance 1. Accounts Receivable 2. Rent Expense 3. B. Damji, Drawings 4. Supplies 5. Unearned Revenue 6. Service Revenue 7. Prepaid Insurance 8. Notes Payable
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