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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
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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