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

question 44

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

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Definitions:

FITT Formula

An acronym for Frequency, Intensity, Time, and Type, a principle used in exercise planning to achieve fitness goals.

Exercise Program

A planned regimen of physical activities designed for a specific purpose, such as improving fitness, health, or performance.

Brisk Pace

A faster than normal walking speed, often used in fitness to denote a level of intensity that increases heart rate and energy expenditure.

Body Composition

A term that refers to the percentages of fat, bone, water, and muscle in human bodies.