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1 Identify the type of each account as Asset, Liability, Equity, Revenues, or Expenses 2 Identify the statement where the account is to be
1 Identify the type of each account as Asset, Liability, Equity, Revenues, or Expenses 2 Identify the statement where the account is to be reported (Income Statement, Statement of Retained Earnings, of Balance Sheet) 3 Prepare the company's Financial Statements in good formats.
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