For each account listed below, mark the column that BEST describes the correct classification of the account and mark the column for the financial statement on which the account would appear. Assume that all accounts have normal balances. (NOTE: This problem covers the entire accounting cycle.) The first line has been completed as an example.
Definitions:
Law-Firm Personnel
Individuals working in a law firm, including lawyers, paralegals, clerical staff, and management.
Performance Evaluation
The systematic process of assessing and reviewing an employee's job performance and productivity, often influencing decisions on promotions, pay raises, and training needs.
Employment Manual
A handbook provided by an employer to outline the organization's policies, procedures, and practices.
Vacation Time
Paid or unpaid time off work granted by employers to employees for leisure and rest.
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