When beginning operations, Land Company established its ledger with the accounts arranged in alphabetical order, but found this sequence inconvenient for preparing financial statements. You are to rearrange the following alphabetical list of 21 ledger accounts in financial statement order so that Land Company may improve the orga¬

nization of its ledger. LO8

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Accounts Payable Accounts Receivable Accumulated Depreciation: Buildings Accumulated Depreciation: Office Equipment Advertising Expense Buildings Cash Commissions Earned Depreciation Expense: Buildings Depreciation Expense: Electricity Expense Interest Payable Land Notes Payable Notes Receivable Office Equipment Paul Ramon, Capital Paul Ramon, Drawing Rent Expense Salaries Expense Telephone Expense Office Equipment