For Each of the Following Accounts,state Type of Account and the Normal

question 4

Essay

For each of the following accounts,state type of account and the normal account balance.Assume a periodic inventory system.
$$\begin{array} { | l | l | l | } \hline \text { Account Title } & \text { Type of Account } & \text { Normal Account Balance } \\\hline \text { Purchase Returns and } & & \\\text { Allowances } & & \\\hline \text { Merchandise Inventory } & & \\\hline \text { Purchases } & & \\\hline\end{array}$$

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Definitions:

Multicultural Therapy

A therapeutic approach that considers and respects the cultural backgrounds and diversity of clients.

Cognitive-Behavioral Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

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Companies that provide insurance policies to individuals or entities, covering various risks such as health, life, and property.

No Reimbursement

The absence of financial compensation or payback for expenses incurred, commonly related to healthcare costs not covered by insurance or other forms of compensation.