Question

Chart of Accounts LeadCo School is a newly organized business that teaches people how to inspire and influence others. The list of accounts to be opened in the general ledger is as follows: Accounts Payable Prepaid Insurance Rent Expense Accounts Receivable Retained Earnings Cash Common Stock Supplies Dividends Supplies Expense Unearned Rent Equipment Wages Expense Fees Earned Miscellaneous Expense List the accounts in the order in which they should appear in the ledger of LeadCo School and assign account numbers ESd account number is to have two digits: the first digit is to indicate the major classification (1 for assets, etc.), and the second digit is to identify the specific account within each major classification (11 for Cash, etc.). When entering assets, enter them in order of liquidity; qeickness to cash, with cash listed first. Accounts Account Number Assets Next Oheck My Work 3 more Check My Work uses remaining Submit Asignment for Grading Save and Exit Emoll instructor

Answer 1

Assets Account number Accounts Cash Accounts receivable supplies prepaid insurance Equipment Liabilities accounts payable unearned profit Stock holders equity comon stock Retained earnings dividends Revenue fees earned expenses wages expense rent expense supplies expense miscellaneous expense please comment if you have any doubt. Please give feed back