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For each the following accounts, indicate (a) if the account is an asset, liability, or owners equity account; and (b) whether the account would have

For each the following accounts, indicate (a) if the account is an asset, liability, or owners equity account; and (b) whether the account would have a normal debit or credit balance.

Account

(a)

(b)

Type of Account

Normal Balance

1.

Accounts Receivable

select a type of account

select a normal balance

2.

Rent Expense

select a type of account

select a normal balance

3.

B. Damji, Drawings

select a type of account

select a normal balance

4.

Supplies

select a type of account

select a normal balance

5.

Unearned Revenue

select a type of account

select a normal balance

6.

Service Revenue

select a type of account

select a normal balance

7.

Prepaid Insurance

select a type of account

select a normal balance

8.

Notes Payable

select a type of account

select a normal balance

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