QUESTIONS Identify the normal balance, financial statement method of increasing the account, and whether the account is closed at the end of the period by selecting the better that best describes those attributes. Answer choices may be used once more than once, or not at all Interest Payable Trademark Fees Earned + Inventory Accurated Depreciation Cost of Goods sold anon Sate of investments Duvidends Payable hermum on Bonda Payude sowie Downt ory to LONG 1. Debit. Balance Sheet, Debit. No 2. Credit, Balance Sheet. Credit, No 3. Credit Income Statement, Credit Yes 4 Credit Balance Sheet. Debit Yes 5.Credit, Income Statement, Debit. No De Balance Sheet, Credit. Yes 7.De Income Statement, Credit, No Cred income Statement, Credit. No Dell Income Statement, Debit. Yes