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The accounts listed below appear on the worksheet of New England Crafts. Indicate the section of the classified income statement in which each account will
The accounts listed below appear on the worksheet of New England Crafts. Indicate the section of the classified income statement in which each account will be reported Uncollectible accounts expense Telephone expense Sales returns and allowances Purchases Interest expense Merchandise inventory Interest income Sales Depreciation expenseOffice equipment Rent expense Sales discounts Supplies expense Freight in Purchases discounts Purchases returns and allowances
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