sessment A Saved He For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) ide balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase th Normal Balance Credit Increase (Dr. or C. Account a. Salaries Expense b. Utilities Expense c. Prepaid Rent d. Wages Payable e. Notes Receivable f. Land g. Cash h. Legal Expense Prepaid Insurance Accounts Receivable Dividends 1. License Fee Revenue Type of Account Equity Equity Asset Liability Liability Asset Asset Expense Asset Asset Equity Revenue Debit Debit Debit Debit Debit Debit Debit Credit Debit Debit Credit Help Save & Exit Submit Select the item that best completes each of the descriptions below. Account a. A(n) contains a record of decreases and increases in a specific revenue, expense, asset, liability, or equity b. Ain) describes transcations entering an accounting system, such as a purchase order c. The is a record containing all accounts used by a company, including account balances. d. A(n) has a complete record of every transactions recorded. A list of all ledger accounts and identification numbers, not including account balances, is called ain) of accounts Chart General ledger Journal Source document Select the item that best completes each of the descriptions below. a. A(n) groups accounts into classifications and it reports current assets before noncurrent assets b. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of _ _ accounts. is an obligation to transfer assets to others. are held by a seller and are promises of payment from customers to sellers. e. A(n) is a record of accounts used by a organization account accounts receive asset classified balanc