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 (temporary/permanent).
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Definitions:
Q2: The shipping paid on goods purchased F.O.B.
Q13: Using the income statement approach, the balance
Q15: Adjustments are journalized before recording them in
Q47: Partnerships are subject to federal income tax.
Q48: Which of the following transactions will cause
Q62: American Contractors uses the direct write-off method
Q84: Interest due on a $21,000, 11%, 10-month
Q98: An understatement of ending inventory in one
Q107: Bad Debts Expense is a contra-revenue account.
Q115: Ann and Bill's partnership capital balances are