1 column 1 column 2 column 3 column 4 liability

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1Column 1Column 2Column 3Column 4LiabilityCreditTemporary-2Column 1Column 2Column 3Column 4IncomeDebitTemporary-3Column 1Column 2Column 3Column 4ExpenseDebitTemporary-4Column 1Column 2Column 3Column 4AssetDebitPermanentInterestpayableBalancesheetInterestreceivableBalancesheetDiscount onnotespayableBalancesheetStoreequipmentBalancesheetPart B (10 points each for a possible total of 40 points)For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normalbalance for the account, in Column 3 the financial statement that the account in which the account balance isreported, and in Column 4 the account's nature (temporary/permanent).
Part C (15 points each for a possible total of 30 points)A computer server system, which had cost $210,000 and had accumulated depreciation of $147,000, was tradedfor a new system with a fair market value of $235,000. The old system and cash of $180,000 were given for thenew system. Prepare the journal entry for the exchange of these similar assets.Prepare journal entries for the following for Bartz, Inc.May 11 Replaced the engine in a Van #1, paying cash of $5,400.
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Accounting, Balance Sheet, Expense, Generally Accepted Accounting Principles, Double entry bookkeeping system

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