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Account Title Definition Classification Financial Statement Normal Balance Accounts Payable Obligation to vendor or supplier Current liability Balance sheet CR P Patents Paid-in Capital in
Account Title Definition Classification Financial Statement Normal Balance Accounts Payable Obligation to vendor or supplier Current liability Balance sheet CR P Patents Paid-in Capital in Excess of Par Value Common Stock Paid-in Capital in Excess of Par Value Preferred Stock Preferred Stock Premium on Bonds Payable Prepaid Insurance Prepaid Rent R Rent Expense Retained Earnings
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