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, and in column 3 the financial statement on which the account balance is reported.
-$$\begin{array} { | l | c | c | c | }
\hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 \
\hline \text { Sales Returns and } & & & \
\text { Allowances } & & & \
\hline
\end{array}$$

Question

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, and in column 3 the financial statement on which the account balance is reported.
-$$\begin{array} { | l | c | c | c | } 
\hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 \
\hline \text { Sales Returns and } & & & \
\text { Allowances } & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of 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, and in column 3 the financial statement on which the account balance is reported.
-$$\begin{array} { | l | c | c | c | } 
\hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 \
\hline \text { Sales Returns and } & & & \
\text { Allowances } & & & \
\hline
\end{array}$$

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