Tsz Yeung Printers ledger accounts are listed below:

1.  Accounts Payable  2.  Accounts Receivable  3.  Buildings  4.  Cash at Bank  5.  Electricity Account Payable  6.  GST Payable  7.  GST Receivable  8.  Insurance Expense  9.  Interest Expense  10. Interest Receivable  11. Interest Revenue  12. Land  13. Loan Payable

14. Mortgage Payable  15. Prepaid Insurance  16. Printing Equipment  17. Rent Revenue  18. Service Fee Revenue  19. Sundry Revenue  20. Supplies on Hand  21. Supplies Used  22. Tsz Yeung, Capital  23. Tsz Yeung, Drawings  24. Unearned Revenue  25. Wages Expense  26. Wages Payable

Required

A. For each account listed below, complete a solution form as shown below by placing a tick in the proper columns to indicate the type of account, the side of a T account on which increases are recorded, and the side on which normal balances are recorded.

B. Prepare an appropriate chart of accounts for the business. Use the following digits for account classes: assets, 1; liabilities, 2; equity, 3; income, 4; expenses, 5. Within each category, assign a 3-digit code for each account.