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

question 21

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 on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Definitions:

Raw Materials

Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good.

Suppliers

Entities that provide goods or services to another organization, playing a critical role in the supply chain.

Distributors

Companies or entities that are responsible for delivering products from manufacturers to the final consumers or retailers.

Organization Chart

A visual representation of the hierarchical structure of an organization, showing relationships and ranks of positions within it.