6 Required information 12 Cash Gener edger Account No. 101 Note Payable Account No. 240 Date PR Debit Credit Balance Date PR Debit Credit Balance h Aug. 11 G11.000 3,000 Aug. 4 G1 1,200 1,200 2 G 600 2,400 400 800 3 G 500 1,900 15 G 825 2,725 Common stock Account No. 307 17 GI 100 2,825 Date PR Debit Credit Balance O 17 G 125 2,700 Aug. 1 G1 18,000 18,000 Knowledge Check 01 Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Different companies use different charts of accounts besed on individual company need The chant of accounts contains the balance of all of the accounts in a ledger The chant of eccounts should be ordered in a logical sequence besed on type of account The chart of accounts can be ordered in any sequence because they are not formal financial systems * 22 @ 3 ie DII 53 74 F4 % 5 A 6 PrtScr 87 & 7 8 E R T Y U