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

question 23

Essay

For each of the following, identify in Column 1 the balance the account will have in the adjusted trial balance columns (debit or credit), in Column 2 the financial statement column(s) in which the account balance will be found (income statement or balance sheet), and in Column 3 the effect the account will have on the determination of net income (increase, decrease, or none).
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Definitions:

High Morals

Describes adhering to principles of right and wrong behavior, emphasizing integrity, honesty, and ethical standards.

Collective Unconscious

A concept in psychology that refers to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.

Personal Unconscious

Carl Jung's term referring to all information that is present within an individual's mind, but not currently in conscious awareness.

Pre-human Ancestors

Earlier forms of life from which modern humans have evolved, typically including various extinct hominids and other primates.