Question: Exercise 2 - 5 ( Algo ) Identifying type and normal balances of accounts LO C 2 For each of the following ( 1 )

Exercise 2-5(Algo) Identifying type and normal balances of accounts LO C2
For each of the following
(1) identify the account as an asset, liability, equity, revenue, or expense;
(2) identify the normal balance of the account, and
(3) select debit or credit to identify the kind of entry that would increase the account balance.
\table[[Account,Type of Account,Normal Balance,Increase (Debit or Credit)],[a. Wages Payable,,,],[b. Notes Receivable,,,],[c. Land,,,],[d. Cash,,,],[e. Legal Expense,,,],[f. Prepaid Insurance,,,],[g. Accounts Receivable,,,],[h. Notes Payable,,,],[i. Tour Service Revenue,,,],[j. Unearned Revenue,,,],[k. Services Revenue,,,],[I. Equipment,,,]]
 Exercise 2-5(Algo) Identifying type and normal balances of accounts LO C2

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