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Examine Bellwether Garden Supply chart of accounts

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Question -

1. Examine Bellwether Garden Supply's chart of accounts. Are all of the account types in conformance with usual accounting procedures? If not, list the accounts that could be classified differently.

2. What is the balance in Account No. 89500, Purchase Disc-Expense Items? 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.

Reference no: EM132642303

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