Question 1: The account titles to be responded to are provided in no particular order. Assume that all accounts have normal balances according to whether the account is increased by a debit or increased by a credit. Please indicate whether a debit will: 1. Increase the account balance, or 2. Decrease the account balance. Classify each account according to the following scheme. For contra accounts, indicate the classification of the account to which it relates.

A.) A permanent equity account in the balance sheet.

B.) A noncurrent asset in the balance sheet.

C.) Account does not appear in either the balance sheet or the income statement.

D.) A long-term liability in the balance sheet.

E.) A current asset in the balance sheet.

F.) A revenue account in the income statement.

G.) An expense account shown in the income statement.

H.) A current liability in the balance sheet