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Indicate the normal balance (debit or credit) and category (Assets, Liabilities, Income, Expenses or Owner's Equity) of each of the following accounts: 1. Cost of
Indicate the normal balance (debit or credit) and category (Assets, Liabilities, Income, Expenses or Owner's Equity) of each of the following accounts:
1. Cost of Goods Sold
2. Inventory
3. Payroll Tax Expense
4. Sales Discount
5. CPP Payable
6. Unearned Revenue
7. Income tax Payable
8. Prepaid Expenses
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