Using the chart of accounts numbering system, develop a chart of accounts that assigns an account number
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a. Buildings
b. Interest Revenue
c. Bob Norton, Withdrawals
d. Bob Norton, Capital
e. Prepaid Insurance
f. Interest Payable
g. Accounts Receivable
h. Salaries Expense
i. Office Supplies
j. Repair Services Revenue
k. Interest Expense
1. Unearned Revenue
m. Salaries Payable
n. Furniture
o. Interest Receivable Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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