Instruction: Identify the type of account (Asset, Liability, Capital, Income, or Expense) and normal balance (Debit or Credit) of each given account ACCOUNT TITLE TYPE OF ACCOUNT NORMAL BALANCE Example: Supplies Asset Debit a. Inventory b. Sales o. Sales Returns and Allowances d. Sales Discounts o. Purchases f. Purchase Returns and Allowance 9. Purchase Discounts h. Freight-in I. Freight-out J. Cost of Goods Sold