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

question 122

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 on which the account balance is reported,and in Column 4 the nature of the account (permanent/temporary).
Example:
$$\begin{array} { | l | l | c | c | c | } \hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \text { Cash } & \text { asset } & \text { debit } & \text { palance sheet } & \text { permanent } \\\hline\end{array}$$
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \text { Accumulated } & & & & \\\text { Depreciation } & & & & \\\hline\end{array}$$

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Definitions:

Price

Price is the amount of money expected, required, or given in payment for something, often determined by the forces of supply and demand in the market.

Apples

A type of fruit that is typically round, with red, green, or yellow skin, and sweet to tangy flesh.

Bananas

An edible, lengthy fruit generated by several species of substantial, flowering herb plants in the Musa genus.

Utility Function

A representation of a consumer's preference structure ranking different bundles of goods by their level of satisfaction or utility.