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Exercise 7.1 (Static) Identifying new accounts. LO 7-1 Required: Identify the normal balance and type of account for the following. In identifying the normal balance,

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Exercise 7.1 (Static) Identifying new accounts. LO 7-1 Required: Identify the normal balance and type of account for the following. In identifying the normal balance, use "Dr." for debit or "Cr." for credit

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