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.
Definitions:
Annuity
A monetary tool that disburses a set sequence of payments to a user, predominantly aimed at serving as a financial resource for retirees.
Rate Of Return
The upward or downward movement in an investment's value across a defined duration, detailed as a percentage of its initial expenditure.
Insurance Agent
A professional who sells, solicits, or negotiates insurance policies on behalf of an insurer.
Annuity
A financial service that ensures a regular payout to an individual, mainly intended as financial support for retirees.
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