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Classify each of the following accounts taken from Faust Company's balance sheet. Accounts payable Accounts receivable Cash L. Dawn, capital Patents Salaries payable Merchandise inventory

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Classify each of the following accounts taken from Faust Company's balance sheet. Accounts payable Accounts receivable Cash L. Dawn, capital Patents Salaries payable Merchandise inventory Short-term investments (to be sold in 7 months) Buildings Land (in use) Notes payable (due in 2 years) Supplies quiprni Prepaid expenses

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