1 of 1 CP2-1 CP2-1 Chart of Accounts Class Practice The chart of accounts must be tailred to an organization's specific needs. Pick on entity from the folowing organizations and discuss how its chart of accounts would differ from the one presented for S&S a. university b. bank c. government unit (city of statej d. manufacturing company e. hospital f. social media company ACCOUNT 00-499Equity Accounts 410 500-599 Revenues 100-199 Current Assets Checking Account Savings Account Petty Cash Common Stock Retained Eamings 120 125 130 150 Allowance for Doubelul Accounts Notes Receivable Cash Salers Credit Sales Sales Returns&Allowances Sales Discounts Interest Revenue 510 511 170 180 200-299 Noncurrent Assets Prepaid Rent Prepaid Insurance 00-799Expenses Cost of Goods Sold Wages Expense 611 612 Accumulated Depreciation-Equipment Furniture & Foxtures Rent Expense Insurance Expense Supplies Expense Bad Debt Expense Other Asse 00-399 Liabilities Accounts Payable Wages Payable Employee Income Tax Payable FICA Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Accrued Interest Payable Other Liabilities Depreciation Expense-Furniture & Fxtures Income Tax Expense 900-999 Summary Accounts Income Summary GRADING 20 POINTS DUE: 1/27/2019, Sunday, 11:59PM Rubrics: (1) Find a chart of accounts in any organization mentioned above (List the reference source.) (10 points) 2) Tell the dfMerence between two charts of accounts. (10 points) 6-18 PM Sun Jan 27 DoneE CP2 (1 of 32) CP2-1 (1) Find a chart of accounts in any organization mentioned above (List the reference source.) Chart of Accounts for Banks Cash and Cash Equivalents 004 Damaged note 005 Travellers cheques 006 ems for collection: cheques 1010 Oyro aocounes 011 Precious metals 013 Coverage under letters of credit with foreign banks 015Clients funds from custody operations 103 Deposits with C8M -Non-Interest bearing 107 Deposts with other Central Banks- Non-Interest bearing 108Deposits with other Central Banks-interest bearing Deposits with Banks and Other Financial Institutions 126Correspondent domestie acoount (2) Tell the diflerence between two charts of accounts The difference between the two chart of accounts is the not