History Bookmarks Window Help sun ezto.mheducation.com Home Content M Question 2 - Wk 2 - Apply: Summative Apply: Summative Assessment [due Day 7] i Saved Help Save For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. Account Type of Account Normal Balance Increase (Dr. or Cr.) a. Prepaid Rent Asset b. Wages Payable Liability Notes Receivable Asset d. Land Asset Debit Debit e. Cash Asset Debit Debit ces f. Legal Expense Expense Debit Debit g. Prepaid Insurance Asset Debit Debit h. Accounts Receivable Asset Debit Debit i. Owner, Withdrawals Equity Debit Debit License Fee Revenue Revenue Credit Credit k Unearned Revenue Liability Credit Credit 1. Fees Earned Revenue Credit Credit