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

question 58

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:

Johnson's Farm

A placeholder name that could refer to any farm owned by a person or family with the surname Johnson, without specific context or details.

Correct Verb

A verb that is properly suited in form and tense to its subject in a sentence, ensuring grammatical accuracy.

Sheep Shorn

The process of removing the wool from sheep, typically done annually to keep the sheep healthy and comfortable.

Correct Verb

A verb that accurately aligns with the subject and tense in a sentence, ensuring grammatical correctness.