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...
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