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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following are the account titles used by ABM Co.:
АВМ, Саpital
ABM, Drawing
Loan Payable
Mortgage Payable
16
Accrued Interest Payable
Accrued Utilities Payable
Accounts Receivable
Notes Receivable
Prepaid Rent
Rent Expense
Accounts Payable
Cash
Salaries Expense
Service Revenue
Interest Expense
Interest Income
Insurance Expense
Unused Supplies
Used Supplies
Prepaid Insurance
Required: Prepare the chart of accounts using two digits number.
Transcribed Image Text:The following are the account titles used by ABM Co.: АВМ, Саpital ABM, Drawing Loan Payable Mortgage Payable 16 Accrued Interest Payable Accrued Utilities Payable Accounts Receivable Notes Receivable Prepaid Rent Rent Expense Accounts Payable Cash Salaries Expense Service Revenue Interest Expense Interest Income Insurance Expense Unused Supplies Used Supplies Prepaid Insurance Required: Prepare the chart of accounts using two digits number.
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