mework How You Can Make Big Money Importing from Chi. Cod Ourmies Suppliers-Read Help Save & Ext Su Exercise 2-4 Identifying type and normal balances of accounts LO C4 Check my w For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Normal Balance Debit Increase (Dr. or Cr.) Debit Type of Account Asset Asset Expense Debit Account a. Land b. Cash c. Legal Expense d. Prepaid Insurance e. Accounts Receivable f. Dividends g. License Fee Revenue h. Uneared Revenue i. Fees Earned i Equipment k Notes Payable 1. Common Stock