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

question 111

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 in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
-

---

Definitions:

Security Deposits

Funds held by a landlord or lender as a guarantee against damage or non-payment, to be returned or applied to future payments if conditions are met.

Federal Law

Legislation passed by the United States Congress that applies throughout the country, overriding state laws when there is a conflict.

Fair Housing Act

U.S. federal law that prohibits discrimination in the buying, selling, renting, or financing of housing based on race, religion, national origin, sex, disability, and family status.

Prospective Tenant

A person or entity that may potentially enter into a lease agreement to rent a property.