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

question 21

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 in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column } 3 & \text { Column } 4 \\\hline \text { Petty cash } & & & & \\\hline\end{array}$$

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Definitions:

South Carolina

A state in the southeastern region of the United States, known for its shorelines, historical significance, and as the first state to secede from the Union during the Civil War.

North Carolina

A state located in the southeastern region of the United States, known for its diverse landscapes from the Atlantic coastal plains to the Appalachian Mountains, and a rich history including roles in the Civil War and civil rights movements.

Joseph Galloway's Plan

A proposal made by Joseph Galloway in 1774 during the First Continental Congress to seek a reconciliation between the American colonies and Great Britain, which was ultimately rejected leading towards the path of independence.

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.