17. Indicate whether each account below has a normal debit or a normal credit balance. a. Automobiles b. Accounts Payable c. Owner's Capital d. Prepaid Rent e. Advertising Expense f. Service Revenue g. Owner's Withdrawals h. Unearned Revenue i. Land j. Interest Payable k. Notes Receivable 18. When expenses exceed revenues, A) a net income will result. B) a net loss occurs. C) owner's equity increases. D) a liability is created. 19. Equipment might be depreciated over 15 years because A) B) C) D) it will lose most of its market value in 15 years. it will be paid for in 15 years. it will help to generate revenue for the company over 15 years. income tax provisions require depreciation over 15 years. 20. Which of the following accounts probably would need to be adjusted at year end? A) Notes Payable B) Land C) Supplies D) Owner's Withdrawals Page 4