A number of accounts are listed below. Use the table to classify each account by indicating whether it is a temporary or permanent account, whether it is included in the Income Statement or Balance sheet, and if it is closed at the end of the accounting period, and, if so, whether it is closed with a debit or credit. The first one is done as an example. 
Definitions:
Base-Rate Information
Statistical information that represents the prevalence or general occurrence of a particular trait, behavior, or event within a larger population.
Availability Heuristic
An instinctive mental tactic that uses the nearest instances that surface in thought while considering a certain topic, theory, strategy, or judgment.
Base-Rate Information
Base-rate information refers to the statistical likelihood of an event or characteristic within a given population, used in decision-making processes.
Stroop Effect
A demonstration of cognitive interference where the brain's reaction time slows down when processing conflicting information, such as reading the word "green" printed in red color.
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