Exercise ( 2-5 ) (Static) Identifying type and normal balances of accounts LO C2 For each of the following (1) identify the account as an osset, liability, equity, revenue, of expense; (2) identify the normal balance of the account; and (3) select debit or credit to identify the kind of entry that would increase the account balance. Atacilied i

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Exercise  ( 2-5  ) (Static) Identifying type and normal balances of accounts LO C2 For each of the following (1) identify the account as an osset, liability, equity, revenue, of expense; (2) identify the normal balance of the account; and (3) select debit or credit to identify the kind of entry that would increase the account balance.  Atacilied informetisen Exercise  ( 2.9  ) (5itatic) Preparing general journal entries Lo at lournal entry workshert wistrere  (  mathrm{W}  ) t.

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