The accounts of Overnite Delivery Service are presented below.
Accounts Receivable .......................................................... Cash
Accounts Payable ............................................................... Insurance Expense
Service Revenue ................................................................. Salaries and Wages Payable
Equipment ........................................................................... Owner’s Drawings
Advertising Expense ........................................................... Owner’s Capital
Utilities Expense .................................................................. Salaries and Wages Expense
Notes Payable

Instructions
Prepare a chart of accounts with the accounts arranged as illustrated in the chapter. Do not include account numbers.