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Problem 1 Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) accoun Accounts Payable Short-Term Investments Land Mortgage Payable

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Problem 1 Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) accoun Accounts Payable Short-Term Investments Land Mortgage Payable Capital Common Stock Issued Prepaid Rent Expense Repair Parts Inventory Accounts Receivable Investments Building Sales Tax Payable Withdrawals Retained Earnings Food Inventory Paid-In Capital

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