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Question 1: Following is a list of accounts: Cash Land Accounts Receivable Accounts Payable Prepaid Rent Furniture Office Supplies Owner's Capital Insurance Payable Owner's
Question 1: Following is a list of accounts: Cash Land Accounts Receivable Accounts Payable Prepaid Rent Furniture Office Supplies Owner's Capital Insurance Payable Owner's Withdrawal Prepaid Insurance Fee Revenue Notes Payable Machinery Utility Expense Office Supplies Expense Insurance Expense Rent Expense REQUIRED: For each of the accounts, identify its normal balance by stating either it has "Normal Debit Balance" or "Normal Credit Balance".
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