The following are the account titles used by ABM Co.:АВМ, СаpitalABM, DrawingLoan PayableMortgage Payable16Accrued Interest PayableAccrued Utilities PayableAccounts ReceivableNotes ReceivablePrepaid RentRent ExpenseAccounts PayableCashSalaries ExpenseService RevenueInterest ExpenseInterest IncomeInsurance ExpenseUnused SuppliesUsed SuppliesPrepaid InsuranceRequired: Prepare the chart of accounts using two digits number.

Name: The following are the account titles used by ABM Co.:АВМ, СаpitalABM,
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: The following are the account titles used by ABM Co.:АВМ, СаpitalABM, DrawingLoan PayableMortgage Payable16Accrued Interest PayableAccrued Utilities PayableAccounts ReceivableNotes ReceivablePrepaid RentRent ExpenseAccounts PayableCashSalaries Expen

Charts of accounts can be defined as the list of all the financial accounts that is recorded under…

Business

Accounting

The following are the account titles used by ABM Co.: ABM, Capital ABM, Drawing Loan Payable Mortgage Payable 16 Accrued Interest Payable Accrued Utilities Payable Accounts Receivable Notes Receivable Prepaid Rent Rent Expense Salaries Expense Accounts Payable Cash Service Revenue Interest Expense Interest Income Insurance Expense Unused Supplies Used Supplies Prepaid Insurance Required: Prepare the chart of accounts using two digits number.

The following are the account titles used by ABM Co.: ABM, Capital ABM, Drawing Loan Payable Mortgage Payable 16 Accrued Interest Payable Accrued Utilities Payable Accounts Receivable Notes Receivable Prepaid Rent Rent Expense Salaries Expense Accounts Payable Cash Service Revenue Interest Expense Interest Income Insurance Expense Unused Supplies Used Supplies Prepaid Insurance Required: Prepare the chart of accounts using two digits number.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 7QY: The schedule of accounts payable lists each creditors account balance, and the total equals the...

See similar textbooks

Similar questions

Account for accountspayable and analyzeaccounts payableturnover
"Identifying general and subsidiary ledgers C2For each account, indicate whether it appears in the general ledger or the subsidiary ledger.a. Accounts Receivable—Martinb. Interest Expensec. Prepaid Rentd. Accounts Payable—Juliee. Notes Payablef. Store Supplies
Classify each of the following accounts as either an asset (A), liability (L), or equity (EQ) account: _________ Note Receivable. __________ Accounts Payable.
Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC. SuppliesD. Service Revenue
Compu//te General Ledger: Account: Salaries Expense
______ is the example of Liabilities. Sales Supplies in Hand Account Receivables Unearned Commission
Q.2.1 Complete the table below by indicating for each account if the balance will be debit or credit and if it is classified as a non-current orcurrent asset, non-current or current liabilityYou are required to redraft the table in your assignment.(14)Name of account Dr/CrBalanceNon-currentassetCurrentassetNon-currentliabilityCurrentliabilityIncome Expense ProprietaryaccountsE.g. Land &BuildingsDebit XAdvertisingCreditors controlInterest on savingaccountCapitalFurnitureCash floatMortgage loan
SUBJECT: Financial Accounting and Reporting Instruction: Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Purchased supplies on account1. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 2. Credit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation TRANSACTION: Paid travelling expenses to pay business permit3. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 4. Credit *a. Cash In Bankb.…
For each ofthe following accounts, identify whether that item is an asset, liability, or equity account.a. Bonds payableb. Equipmentc. Accounts payabled. Salaries payablee. Common stockf. Retained earningsg. Cashh. Accounts receivablei. Sales revenuej. Inventory
Which of the following items is not a specific account in acompany’s accounting records?a. Accounts Receivableb. Net Incomec. Sales Revenued. Unearned Revenue
Which item will appear on the credit side of the ledger account? a. Salary b. Drawings c. Service revenue d. Accounts receivable
Which of the following best describes the classification and normal balance of the accounts receivable account? Select one: a. Asset, Debit b. Liability, credit c. Revenue, credit d. Owner's equity, debit