The following accounts are from Mookie The Beagle Concierge Chart of Accounts. For each account indicate: If
Question:
The following accounts are from Mookie The Beagle Concierge Chart of Accounts. For each account indicate:
If the account is increased by a:
- Debit
- Credit
Type of account as:
- Asset
- Liability
- Equity
- Revenue (Income)
- Expense
Accounts:
1. Checking
2. Accounts Receivable (A/R)
3. Inventory
4. Prepaid Expenses
5. Prepaid Expenses: Insurance
6. Prepaid Expenses: Rent
7. Prepaid Expenses: Supplies
8. Undeposited Funds
9. Accounts Payable (A/P)
10. VISA Credit Card
11. Unearned Revenue -
12. Owner Distributions
13. Owner’s Investment
14. Retained Earnings
15. Sales
16. Advertising & Marketing
17. Bank Charges & Fees
18. Contractors
19. Insurance: Liability Insurance Expense
20. Interest Paid
21. Legal & Professional Services
22. Office Supplies & Software
23. Rent & Lease
24. Repairs & Maintenance
25. Utilities
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood