Section 1 (10 Marks) [CLO 11 Answer the following two questions: Question 1: _(5 marks) Instructions: Place a check in the appropriate columns to designate whether each of the following accounts: (1) has a debitor credit normal balance, and (2) is an asset. liability, or owner's equity account. Justify your selection with a logical argument (0.5 mark for each) (0) Account Debit Credit Asset Liability Owners Justification 1. Notes Payable 2. Salary Expense Equity 3. Owners Drawings 4. Equipment 5. Accounts Payable 6. Cash 7.Owner's additional investments 8.Accumulated depreciation 9. Rent Revenue 10. Prepaid Insurance Justification Page 2 of 9