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Question 3 Identify the natural balance of each of the following accounts (DR = Debit, CR = Credit) - Inventory in Transit - Landed Costs

Question 3

Identify the natural balance of each of the following accounts (DR = Debit, CR = Credit)

- Inventory in Transit

- Landed Costs (unallocated)

- Ad Spend

- Treasury Stock

- Common Stock

- Prepaid Expense

- Customer Returns

- Retail Discounts

- Inventory Write Off

- APIC

- Credit Card Clearing Account

- Interest Payable

- Other Receivables

- Tax Refund Expected

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