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For each of the following accounts used by a retail business, determine its classification: asset, contra-asset, liability, revenue, contra-revenue, or expense. -Sales Discounts -Freight-Out -Accumulated

For each of the following accounts used by a retail business, determine its classification: asset, contra-asset, liability, revenue, contra-revenue, or expense.

-Sales Discounts

-Freight-Out

-Accumulated Depreciation

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