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

question 124

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 account's nature (permanent/temporary).
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Definitions:

Lost

Refers to something that has been misplaced or can no longer be found; can also relate to opportunities or time that cannot be recovered.

Damaged Property

Real or personal property that has suffered physical harm or destruction, diminishing its value or utility.

Governmental Authority

The legal power or right held by government bodies to enact and enforce laws, regulations, and ordinances.

Backpack

A bag carried on one's back, often secured with two straps that go over the shoulders, used for carrying items.