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Match the title of the account to the place where that account account title is most likely to be presented on a balance sheet. The

Match the title of the account to the place where that account account title is most likely to be presented on a balance sheet.

The following accounts are in the chart of accounts of Yelsom, Inc., a company that sells men's fashion apparel.

Yelsom is preparing its balance sheet as of December 31, Year3.

Amounts received from customers to hold items until the customer returns at a later date to purchase them are recorded in a "Customer deposits" account.

You may use the drop-down choices more than once or not at all.

-A.B.C.D.E.

Inventory

-A.B.C.D.E.

Accumulated other comprehensive income

-A.B.C.D.E.

Cost of goods sold

-A.B.C.D.E.

Wages payable

-A.B.C.D.E.

Furniture and fixtures

-A.B.C.D.E.

Customer deposits (see problem for more detail)

-A.B.C.D.E.

Note payable due 2/13/Year6.

-A.B.C.D.E.

Allowance for doubtful accounts

A.

current asset

B.

current liability

C.

noncurrent asset

D.

noncurrent liability

E.

none of the other choices (equity or not a balance sheet account)

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