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You are presented with the list of items, selected from the financial statements of Saputo Inc.: Instructions For each of the accounts, identify the

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You are presented with the list of items, selected from the financial statements of Saputo Inc.: Instructions For each of the accounts, identify the following a. The type of account (asset, liability, stockholders' equity). b. The normal balance of the account. c. The financial statement (income statement, retained earnings statement, or balance sheet) on which Saputo would report the account. Account Transactions for Sheridan Company for the month of June are presented below. June 1 Issues common stock to investors in exchange for $4,880 cash. 2 Buys equipment on account for $1,850. 3 Pays $790 to landlord for June rent. 12 Sends Wil Wheaton a bill for $560 after completing welding work.

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