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Use the following account numbers and corresponding account titles to answer the following question. Account No. Account Title (1) (2) Cash Merchandise inventory (3) Cost

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Use the following account numbers and corresponding account titles to answer the following question. Account No. Account Title (1) (2) Cash Merchandise inventory (3) Cost of goods sold (4) Transportation-out (5) Dividends (6) Common stock (7) Selling expense (8) Loss on the sale of land (9) Sales Which accounts would appear on the income statement

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