Chapter 2 Homework i Saved 2 Below is a list of typical accounts. Required: For each account, indicate (1) the type of account and (2) whether the normal account balance is a debit or credit. eBook Normal Balance Accounts Type of Account (Debit or Credit) 1. Salaries Payable 2. Common Stock References 3. Prepaid Rent 4. Buildings 5. Utilities Expense 6. Equipment 7. Rent Expense 8. Notes Payable 9. Salaries Expense 10. Insurance Expense 11. Cash 12. Service Revenue Mc Graw Hill