Question 1: (5 marks) 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. Justify your selection with a logical argument (0.5 mark for each) (1) (2) Debit Credit Asset Liability (3) Justification Account Owner's Equity 1. Notes Payable 2. Salary Expense 3. Owner's Drawings 4. Equipment 5. Accounts Payable 6. Cash 7. Owner's additional investments 8.Accumulated depreciation 9. Rent Revenue 10. Prepaid Insurance Justification