For each of the accounts in the following table (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the normal balance of the account.?Account TypeNormal Balancea. Wages Expense??b. Accounts Receivable??c. Commissions Earned??d. Salaries Payable??e. Common Stock??f. Unearned Advertising Revenue??g. Salaries Expense??h. Magazine Subscription Revenue ??i. Dividends??j. Prepaid Insurance??
What will be an ideal response?
| ? | Account Type | Normal Balance |
| a. Wages Expense | expense | debit |
| b. Accounts Receivable | asset | debit |
| c. Commissions Earned | revenue | credit |
| d. Salaries Payable | liability | credit |
| e. Common Stock | equity | credit |
| f. Unearned Advertising Revenue | liability | credit |
| g. Salaries Expense | expense | debit |
| h. Magazine Subscription Revenue | revenue | credit |
| i. Dividends | equity | debit |
| j. Prepaid Insurance | asset | debit |
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