For each of the following, identify in Column 1 the category to which the account belongs, in
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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, in Column 3 the financial statement that the account in which the account balance is reported, and in Column 4 the account's nature (temporary/permanent).
(1) Column 1 Column 2 Column 3 Column 4
Interest payable
(2) Column 1 Column 2 Column 3 Column 4
Interest receivable
(3) Column 1 Column 2 Column 3 Column 4
Discount on notes payable
(4) Column 1 Column 2 Column 3 Column 4
Store equipment
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