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 in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Correct Answer:
Verified
Q103: Given the following accounts:
[1]Cash in bank
[2]Petty cash
[3]Supplies
[4]Equipment
[5]Notes
Q103: Given the following accounts:
-Borrowed $4,000, signing a
Q108: Given the following accounts:
-Paid voucher #425.
Debit _
Q113: Prepared voucher #424 in the amount of
Q114: Crane Printing purchased $5,000 of supplies from
Q115: Given the following accounts:
-Paid voucher #424.
Debit _
Q117: Given the following accounts:
[1]Cash in bank
[2]Petty cash
[3]Supplies
[4]Equipment
[5]Notes
Q119: On June 2,Sandoval Corporation purchased $7,000 of
Q120: Given the following accounts:
-Paid voucher #419 which
Q120: Given the following accounts:
[1]Cash in bank
[2]Petty cash
[3]Supplies
[4]Equipment
[5]Notes
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