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Question One: (6 Points) For each of the following accounts, indicate the effects of (a) a debit and (b) the normal account balance. 1.

Question One: (6 Points) For each of the following accounts, indicate the effects of (a) a debit and (b) the normal account balance. 1. Notes Payable 2. Prepaid Insurance 3. Salaries Expense 4. Repair Revenue 5. Equipment 6. Share, Capital 1. Notes Payable 2. Prepaid Insurance 3. Salaries Expense 4. Repair Revenue 5. Equipment 6. Share, Capital Debit Effect Normal Balance

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