FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Learning Task 4: Collaboration and Communications (Written Task)
Direction: If this is a company transaction of MCValle Enterprises, prepare chart of accounts by completing the box.
Chart of Accounts
Statement of Financial
Position/Statement of
Codes
Account titles
Account Type
Comprehensive Income
Cash
Prepaid Rent
Revenue
Delivery Vehicles
Accounts Payable
Equipment
Inventory
Interest Income
Advertising Expense
Accounts Receivable
Note Payable
Accrued Expense
Office Supplies
Furniture
Loans Payable
Сapital
Withdrawal
Wage Expense
Light and Power Expense
Rent Expense
Account Codes:
Assets
100-199
Liabilities
200-299
Equity
300-399
Revenues
400-499
Expenses
500-599
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Transcribed Image Text:Learning Task 4: Collaboration and Communications (Written Task) Direction: If this is a company transaction of MCValle Enterprises, prepare chart of accounts by completing the box. Chart of Accounts Statement of Financial Position/Statement of Codes Account titles Account Type Comprehensive Income Cash Prepaid Rent Revenue Delivery Vehicles Accounts Payable Equipment Inventory Interest Income Advertising Expense Accounts Receivable Note Payable Accrued Expense Office Supplies Furniture Loans Payable Сapital Withdrawal Wage Expense Light and Power Expense Rent Expense Account Codes: Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599
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