Question 2 Each account has a normal balance. For the following list of accounts, indicate whether the normal balance of each is a debit or a credit. Account 1. Cash 2. Prepaid Insurance Normal Balance Question 3 Part 1 3. Retained Earnings 4. Bonds Payable 5. Investments 6. Capital Stock 7. Advertising Fees Earned 8. Wages and Salaries Expense 9. Wages and Salaries Payable 10. Office Supplies 11. Dividends Mushrooms Ltd. was organized on June 1, 2023. The company received a contribution of $3,000 from each of the two principal owners. During the month, Mushrooms Ltd. had cash sales of $1,900, had sales on account of $750, received $450 from customers in payment of their accounts, purchased supplies on account for $950 and equipment on account for $1,550, received a utility bill for $250 which will not be paid until July, and paid the full amount due on the equipment. Required: Part 2 Determine the company's Cash balance on June 30, 2023, using T-account analysis. During the month, services performed for customers on account amounted to $8,500, and collections from customers in payment of their accounts totalled $7,250. At the end of the month, the Accounts Receivable account had a balance of $2,250. Required: Determine the Accounts Receivable balance at the beginning of the month, using T-account analysis