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Betty's Dog Grooming prepares a classified Balance Sheet and a Multi-step Income Statement. Below are some of the accounts from the chart of accounts. Select
Betty's Dog Grooming prepares a classified Balance Sheet and a Multi-step Income Statement. Below are some of the accounts from the chart of accounts. Select the correct classification for each account and the account's normal balance.
Betty's Dog Grooming prepares a classified Balance Sheet and a Multi-step Income Statement. Below are some of the accounts from the chart of accounts. Select the correct classification for each account and the account's normal balance \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Description } & Classification & NormalBalance \\ \hline Furniture & & \\ \hline Insurance Expense & & \\ \hline Unearned Service Revenue & & \\ \hline Inventory & & \\ \hline Owner Drawings & & \\ \hline Supplies & & \\ \hline Sales Tax Payable & & \\ \hline Cost of Goods Sold & & \\ \hline Accumulated Depreciation & & \\ \hline Accounts Receivable & & \\ \hline Interest Income & & \\ \hline Salaries \& Wages Expense & & \\ \hline Equipment & & \\ \hline Note Payable (due in 17 months) & & \\ \hline Service Revenue & & \\ \hline Cash & & \\ \hline \end{tabular}
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