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PLICATION PROBLEM (LO2, 3), p. 52 be Determining the Increase, decrease, and normal balance side for accounts Increase Decrease Account's Account Account Side Side Normal Classification Balance Debit Credit | Debit Credit Debit Credit Cash AssetAPPLY YOUR UNDERSTANDIN 2-1 Application Problem Determining the increase, decrease, and normal balance side for accounts LO2, 3 Write the answers for the following problem in the Working Papers. Cash Prepaid Insurance Accounts Receivable-Tyler Choi Accounts Payable-Green Solutions Accounts Receivable-Nolan Esby Georganne Hayner, Capital Supplies 6 7 8 1 2 3 4 5 Decrease Account's Increase Side Normal Balance Account Account Side Classification Debit Debit Credit Debit Credit Credit Cash Asset T Instructions: 1. Do the following for each account. The Cash account is given as an example. 2. Write the account title in Column 1. 3. Write the account classification in Column 2. 4. Place an up arrow (1) in either Column 3 or 4 to indicate the increase side of the account 5. Place a down arrow (4) in either Column 5 or 6 to indicate the decrease side of the account 6. Place a check mark in either Column 7 or 8 to indicate the normal balance of the account