Using the following list of accounts and identification letters A through J, enter the type of account and its normal balance into the table below. The first item is filled in as an example: ?Type of Account?Normal Balance?AssetLiabilityEquity?DebitCreditCommon Stock??X??XInterest Payable??????Land??????Dividends??????Fees Earned??????Prepaid Rent??????Advertising Expense??????Unearned Rent Revenue??????Commissions Earned??????Notes Receivable??????
What will be an ideal response?
| ? | Type of Account | ? | Normal Balance | |||
| ? | Asset | Liability | Equity | ? | Debit | Credit |
| Common Stock | ? | ? | X | ? | ? | X |
| Interest Payable | ? | X | ? | ? | ? | X |
| Land | X | ? | ? | ? | X | ? |
| Dividends | ? | ? | X | ? | X | ? |
| Fees Earned | ? | ? | X | ? | ? | X |
| Prepaid Rent | X | ? | ? | ? | X | ? |
| Advertising Expense | ? | ? | X | ? | X | ? |
| Unearned Rent Revenue | ? | X | ? | ? | ? | X |
| Commissions Earned | ? | ? | X | ? | ? | X |
| Notes Receivable | X | ? | ? | ? | X | ? |
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