Indicate the nature of each account.Indicate the normal balance by inserting Debit or Credit.

Indicate the nature of each account. Type Of Account 1. Supplies  None of the aboveExpenseAssetLiabilityRevenues 2. Note Payable  AssetLiabilityRevenuesExpenseNone of the above 3. Service Revenue  RevenuesNone of the aboveAssetLiabilityExpense 4. Dividends  AssetLiabilityExpenseRevenuesNone of the above 5. Accounts Payable  LiabilityRevenuesAssetExpenseNone of the above 6. Salaries and Wages Expense  LiabilityExpenseRevenuesNone of the aboveAsset 7. Common Stock  None of the aboveExpenseAssetLiabilityRevenues 8. Accounts Receivable  ExpenseLiabilityNone of the aboveAssetRevenues 9. Equipment  RevenuesAssetLiabilityExpenseNone of the above 10. Notes Receivable  LiabilityNone of the aboveExpenseRevenuesAsset SHOW ANSWER LINK TO TEXT Attempts: 1 of 1 used

(b) Your answer is correct.     Indicate the normal balance by inserting Debit or Credit. Normal Balance 1. Supplies  CreditDebit 2. Note Payable  DebitCredit 3. Service Revenue  DebitCredit 4. Dividends  DebitCredit 5. Accounts Payable  CreditDebit 6. Salaries and Wages Expense  CreditDebit 7. Common Stock  DebitCredit 8. Accounts Receivable  CreditDebit 9. Equipment  DebitCredit 10. Notes Receivable  CreditDebit