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What is the balance in Account No. 89500, Purchase Disc-Expense Item? Is it a debit or credit balance? Why? (Hint: Display the General Ledger report;

What is the balance in Account No. 89500, Purchase Disc-Expense Item? Is it a debit or credit balance? Why? (Hint: Display the General Ledger report; select Options. In the Time Frame period, select all. Select the filter GL Account ID from 89500 to 89500.) Explain

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