Solved

On January 1,2010,Cary Parsons Established a Catering Service

Question 44

Essay

On January 1,2010,Cary Parsons established a catering service.Listed below are accounts she would like to open in the general ledger.List the accounts in the order in which they should appear in the ledger and propose a two-digit account numbering scheme that is consistent with the rules of a proper chart of accounts.
On January 1,2010,Cary Parsons established a catering service.Listed below are accounts she would like to open in the general ledger.List the accounts in the order in which they should appear in the ledger and propose a two-digit account numbering scheme that is consistent with the rules of a proper chart of accounts.

Correct Answer:

verifed

Verified

11 Cash
12 Accounts Receivable
13 Suppli...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: The normal balance of an expense account

Q32: Transactions are listed in the journal chronologically.

Q40: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2051/.jpg" alt=" What effect does

Q50: Which of the following groups of accounts

Q85: Revenue accounts are increased by credits.

Q95: The gross increases in retained earnings attributable

Q103: Prarie Clinic purchased X-ray equipment for $7,500,

Q105: Which of the following group of accounts

Q204: Dividends decrease retained earnings and are listed

Q218: Even when a trial balance is in