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, and in column 3 the financial statement on which the account balance is reported.
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Definitions:
Q12: A characteristic of the account, Sales Discount,
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7147/.jpg" alt=" " class="answers-bank-image d-block" rel="preload"
Q23: Under the balance sheet approach, bad debts
Q41: An account in which the balance is
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7147/.jpg" alt=" " class="answers-bank-image d-block" rel="preload"
Q54: The May bank statement for Consulting Services
Q59: As supplies are used, they become:<br>A) inventory.<br>B)
Q76: Ending inventory is adjusted by debiting Merchandise
Q104: The W-3 is filed only for odd
Q116: The calculation of Net Purchases does NOT