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

question 84

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

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Definitions:

First-level Outcomes

The initial results or consequences that directly follow an action, event, or decision.

Second-level Outcomes

The indirect or subsequent results of actions or decisions, often more removed in time and not as immediately observable as first-level outcomes.

Instrumentality

The perceived relationship between performance and the attainment of desired outcomes or rewards.

Word Processing

The use of computer software to enter, edit, format, and output text.