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

question 46

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

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Definitions:

Mean

In statistics, it refers to the average value in a data set, calculated by summing all the numbers and dividing by the count of these numbers.

IQR

Short for Interquartile Range, it measures the middle 50% of data points in a dataset, offering a glimpse into data spread.

Range

The difference between the highest and lowest values in a set of data.

Median

The median is the value that lies at the center of a dataset when it is organized in ascending or descending order, splitting the set into two equal parts.