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

question 116

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

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Definitions:

National Conference

A large meeting for people from across the nation to discuss specific topics, share information, or make decisions related to a particular field or interest.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.

Lease Contracts

Legal agreements that grant one party the use of property, equipment, or assets owned by another party for a specified period in exchange for payment.

United Nations Convention

An international treaty or agreement formed under the auspices of the United Nations.