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Classify the accounts into their normal debit or credit balances, listing fixed and current assets with their respective values.
Accounting
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Step 1: Classify the accounts from the provided list into their normal debit or credit balances.
- Fixed Assets (Debit Balances):
- Land: 4,000,000
- Building: 400,000
- Motor Vehicle: 78,000
- Farm Improvement: 900,000
- Current Assets (Debit Balances):
- Pesticides (Inventory): 170,000
- Cashew Nuts (Inventory): 896,200
- Coconuts (Inventory): $1,687,50
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