The following general ledger accounts are included in the trial balance for an audit client, Jones Wholesale Stationery Store.

REQUIRED
a. Identify the accounts in the trial balance that are likely to be included in each transaction cycle. Some accounts will be included in more than one cycle. Use the format that follows.

b. How would the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company? How would they differ for a hospital or a government unit?

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Accounts payable Accounts receivable Accrued sales salaries Accumulated amortization of furniture and equipment Advertising expense Allowance for doubtful accounts Amortization expense-furniture and equipment Bad-debt expense Bonds payable Cash Common shares Depreciation expense-furniture and equipment Furniture and equipment Income tax expense Income tax payable Insurance expense Interest expense Interest income Interest receivable Inventory Notes payable Notes receivable Prepaid interest expense Property tax expense Property tax payable Purchases Rent expense Retained earnings Salaries-office and general Sales Sales salaries expense Telephone and fax expense Travel expense Unexpired insurance