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

question 107

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).
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Definitions:

Late 1940s

The end of the decade following World War II, from 1945 to 1949, marked by significant political, social, and economic changes worldwide.

Early 1950s

Refers to the period from 1950 to 1953, a time noted for the post-World War II economic recovery and the beginning of the Cold War era.

McCarthyism

Represents the period of intense anti-communist suspicion in the United States around the 1950s, led by Senator Joseph McCarthy, characterized by unfounded accusations and investigations.

Senator McCarthy

Senator McCarthy refers to Joseph McCarthy, a U.S. senator known for his 1950s campaigns to expose supposed Communist sympathizers in the United States government and society.