Pc application

For each of the following, indicate which type of account that it should be (H, G, A, S, T or X): Number Description Type 1520 Building 1521 Accumulated Amortization - Building 1522 Net - Building 2500 Property, Plant & Equipment 3600 Net Income 5025 Telephone Expense True or False 1- It is always best for SAGE 50 to create your chart of accounts based on company type. 2- Every type of account will be used to enter transactions. 3- Default discount terms can be entered for customers. 4- It is recommended to let SAGE 50 create your chart of accounts based on company type. 5- You can create as many tax codes as you need. 6- Default discount terms can be entered for suppliers