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A travel agency s owed $ 6 5 0 in hotel commissions and $ 4 , 0 0 0 forma group for a deposit that

A travel agency s owed $

650

in hotel commissions and $

4, 000

forma group for a deposit that you have forwarded to hold space on a cruise. Is the $

4, 650

listed on your balance sheet under assets or liabilities?

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