Instructions: Place a check in the appropriate columns to designate whether each of the following accounts: (1) has a debit or credit normal balance; and (2) is an asset, liability, or owner's equity account. (There should be 2 checks for each account line.)

_____(1)_____________(2)__________________

Owner's

Account Debit CreditAssetLiability Equity

1. Service Revenue

2. Insurance Expense

3. Supplies (For future use)

4. D. Logan, Capital

5. Accounts Payable

6. Salaries Payable

7. D. Logan, Drawing

8. Accounts Receivable

9. Prepaid Insurance

10. Mortgage Payable