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

question 50

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.
 Account Title  Account Type  Normal Balance  (Debit or Credit)  a. Prepaid Insurance  b. Accounts Payable  c. Common Stock  d. Utilities Expense  e. Land  f. Services Revenue  g. Notes Receivable  h. Advertising Expense i. Unearned Revenue  j. Service Revenue \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. Unearned Revenue } & & \\\hline\text { j. Service Revenue }&&\\\hline\end{array}

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Definitions:

Vertices

Vertices are the corner points where two or more lines, edges, or curves meet in a geometric shape or figure.

Co-vertices

In an ellipse, the pair of points on the minor axis that are equidistant from the center.

Ellipse

A geometric shape that looks like a flattened circle, described by an equation in x and y.

Vertices

Vertices refer to the corners or points where two or more edges, lines, or sides meet in geometric shapes or graphs.

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