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

question 84

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 that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
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Definitions:

Statement of Cash Flows

A document that outlines the effect of changes in income and balance sheet accounts on cash and cash equivalents, divided into sections for operating, investing, and financing activities.

Cash Transactions

Financial activities that involve the exchange of cash between two parties.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.

Balance Sheet

An overview document showing a business’s assets, liabilities, and the equity of its shareholders on a specific date.