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

question 34

Essay

For each of the following, identify in Column 1 the balance the account will have in the adjusted trial balance columns (debit or credit), in Column 2 the financial statement column(s) in which the account balance will be found (income statement or balance sheet), and in Column 3 the effect the account will have on the determination of net income (increase, decrease, or none).
- $$\begin{array} { | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 \\\hline \text { Purchases } & & & \\\hline\end{array}$$

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Definitions:

Civil Rights Act

Legislation passed in the United States aimed at ending discrimination based on race, color, religion, sex, or national origin.

Racial Makeup

The composition or distribution of races within a particular population or area.

Majority-white Small Towns

Small towns or communities where the majority of the population is of White or Caucasian descent, often homogeneous in demographic makeup.

Immigration

The action of coming to live permanently in a foreign country, which has significant demographic, cultural, and economic impacts.