i. A. Identify the following accounts as asset, liability, equity, revenue, and expense. B. Identify the normal balance of the accounts. (Debit/Credit). Accounts. Type of account Dr/Cro Example: Cash Asset Dr- a) Advertising b) Prepaid insurance c) Sales d) Capital e) Unearned rent revenue. f) Long-term loan- g) Buildings. b) Fees earned 3 13 be 3 ii. Copa Consulting Company was incorporated on August 1, 2021. During the first month of operations, the following transactions occurred:- Date- Transactions Example: Copa bought a travel insurance $1,000 for an employee for a business trip in August.. Aug 1 Shareholders invested $500,000 cash, a $30,000 computer and $10,000.- supplies in exchange for common stock.. Aug 4. Copa paid $100,000 for August rent on office space. Aug 6 Copa purchased $20,000 of supplies with cash from Eslite Stationary. Co. Aug 10. Copa borrowed cash from a bank on a note payable $1,000,000.. Aug 15. Copa purchased $200,000 equipment on account.. Aug 16 Copa received a bill for $15,000 from China newspaper for advertising, which is allowed to be paid in 1 month.. Aug 20- Copa performed consulting service $200,000 for client Mary and billed Mary on account Aug 22. Copa received $400,000 cash from John for consulting service. Aug 25. Copa signed a contract with Benny for the consulting service provided in September Copa paid its $15,000 bill received on Aug 16 to China newspaper Aug 30- Copa paid salary to employees $240,000, utilities expense $100,000- Aug 31. Copa paid cash dividend $10,000.. Aug 28. . Required For each transaction of Copa Consulting Company, indicate whether the transaction increases (+), decreases - or has not cffect (NE) on assets, liabilities and/or stockholders' equity. (12 marks). Date Assets Liabilities Stockholders' equity Example - 1,000 NE -1,000 Aug 1 Aug 4 Aug 6 Aug 10 Aug 15 Aug 16 Aug 20 Aug 22 Aug 25 Aug 28 Aug 30 Aug 31 Copy this table to the answer booklet