For Each of the Following, Identify in Column 1 the Category

question 58

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement(s) on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \begin{array} { l } \text { Cost of goods } \\\text { sold }\end{array} & & & & \\\hline\end{array}$$

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Definitions:

Excretion

The process by which living organisms remove waste products of metabolism and other non-useful materials from their bodies.

Metabolic Waste

Substances left over from metabolic processes (like cellular respiration) that cannot be used by the organism and must be excreted.

Body

The physical structure of an organism, including its organs and tissues.

Osmolarity

The number of osmoles of solute per liter of solution. See osmole.