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

question 1

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:

External

Originating from or situated outside of something or someone, often influencing or affecting it from the outside.

Operationalization

The process of defining a fuzzy concept so as to make the concept measurable and to understand it in terms of empirical observations.

Annual Income

The total amount of money an individual or household earns in one year, often used to measure economic status.

Wealth

An abundance of valuable resources or material possessions, or the control of such assets.