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ABC, C o . needs the Chart of Accounts numbered and in financial statement order. In the ledger, of ABC, C o . the first
ABC, needs the Chart of Accounts numbered and in financial statement order.
In the ledger, of ABC, the first digit of the account number indicates its major account classification assets, liabilities, Stockholder's equity, revenues, expenses
The second digit of the account number indicates the specific account within each of the preceding major account classifications.
Accounts Payable
Common Stock
Repairs & Maintenance Expense
Wages Payable
Accounts Receivable
Building
Cash
Miscellaneous Expense
Revenue
Supplies Expense
FICA WH Payable Employer
Employer Taxes Expense
Legal & Accounting Expense
Furniture & Fixtures
Wages Expense
Customer Lists
Interest Income
Depreciation Expense
Land
Rent Expense
Postage Expense
Inventory
Utilities Expense
Supplies
Insurance Expense
Investments CD Matures
Interest Payable
Travel Expense
Computers
Utilities Expense
Federal Taxes WH Payable
Telephone Expense
State Income Taxes Payable
Accumulated Depreciation
Taxes Expense
Retained Earnings
FICA WH Payable Employee
Gina Kissel, Capital
Gina Kissel, Drawing
Fees Earned
Wages Expense
Supplies Expense
Miscellaneous Expense
provide all the charts of account in order
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