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

question 26

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 in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
-  Column 1  Column 2  Column 3 Column 4 Repairs expense \begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column } 3 & \text { Column } 4 \\\hline \text { Repairs expense } & & & & \\\hline\end{array}


Definitions:

Liable

Being legally responsible or obligated to make amends for harm caused to another person or property.

Drawee

The party upon whom a check, draft, or other negotiable instrument is drawn and is expected to pay.

Drawer

In banking and finance, the person who writes or issues a check or draft.

Payee

The individual or entity to whom a payment is made or owed, especially noted in the context of checks or promissory notes.

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