For Each of the Following (1)identify the Type of Account

question 27

Essay

For each of the following (1)identify the type of account as an asset,liability,equity,revenue,or expense,and (2)identify the normal balance of the account.
$\begin{array}{|l|l|l|}\hline \text { Account Title } & \text { Account Type } & \begin{array}{l}\text { Normal Balance } \\\text { (Debit or Credit) }\end{array} \\\hline \text { a. Prepaid Insurance } & & \\\hline \text { b. Accounts Payable } & & \\\hline \text { c. Common Stock } & & \\\hline \text { d. Utilities Expense } & & \\\hline \text { e. Land } & & \\\hline \text { f. Services Revenue } & & \\\hline \text { g. Notes Receivable } & & \\\hline \text { h. Advertising Expense } & & \\\hline \text {i. inearned Revenue } & & \\\hline \text {j. Service Revenue } & & \\\hline\end{array}$

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Definitions:

Extrinsic Motivations

refer to motivation that comes from external factors or rewards outside of the individual, such as money, grades, or approval.

Intrinsic Motivations

The drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the activity itself rather than external rewards.

Self-actualization

represents the realization of an individual's potential, self-fulfillment, seeking personal growth, and peak experiences.

Homeostasis

The ability or tendency of an organism or cell to maintain internal equilibrium by adjusting its physiological processes.