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

question 20

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).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column 3 } & \text { Column } 4 \\\hline \text { Notes Payable } & & & & \\\hline\end{array}$$

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Definitions:

Collect Like Terms

A mathematical strategy used in algebra to simplify an expression by combining terms that have the same variables and exponents.

Operation Indicated

The process or action that a specific operation or sign suggests should be performed in mathematical expressions or equations.

Formula

A mathematical relationship or rule expressed in symbols, typically representing quantities and operations.

Collect Like Terms

A mathematical process in algebra that involves combining terms that have the same variables raised to the same power.