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

question 65

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, and in column 3 the financial statement on which the account balance is reported.
- $$\begin{array} { | l | c | c | c | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 \\\hline \text { Owner's Capital } & & & \\\hline\end{array}$$

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Definitions:

Formalization

Formalization refers to the process of defining and instituting formal rules, procedures, and structures within an organization to standardize operations.

Coordination

The act of organizing or aligning activities, tasks, or individuals to operate efficiently towards a common goal.

Advocate

A person who publicly supports or recommends a particular cause or policy, or acts in the defense or support of others.

Solutions

answers or means for effectively dealing with a problem or challenge.