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Nittany Lion Co. is a retail business that uses the perpetual inventory system. The account...

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Accounting

Nittany Lion Co $.$ is a retail business that uses the perpetual inventory system. The account balances for Nittany Lion as of October $1, 2023 ($ unless otherwise indicated $),$ are as follows:

$\$ table $[[$ Cash $,$ $ $70, 000,$ Dividends,$ $122, 500$

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