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ACG2001 PRINC ACCT I BLENDED 647248 Using the chart of accounts in Ch 2 as an example, create a new chart of accounts for a

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ACG2001 PRINC ACCT I BLENDED 647248 Using the chart of accounts in Ch 2 as an example, create a new chart of accounts for a fictitious company in your pathway in Word. The company should be a sole proprietor and a service business. The account titles should be customized for your company. Assign a three digit account number to your accounts following the example chart of accounts. Group the accounts as in the example as Assets, Liabilities, Owner's Equity, Revenue and Expense. In the last two columns, state what the normal balance of the account is (debit or credit), and state how the account is increased (debit or credit). Submit your chart of accounts in a word document. Create a four column table and label them: Account number, Account title, normal balance, increases with. You should have at least 16 accounts. Add rows as needed. Insert a title with your name, your pathway and the name of your company. As an example, the row for cash could have the following information: 10 Cash Debit Debit Examples of businesses in pathways could be: AHCD: Dance, Theater, film production, Social media, Graphics design or architecture business Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable Education: K-12 tutoring, Child care, Charter schools Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co, IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management Public Safety: Law office, PI, Equipment providers for the industry STEM: Engineering Co., Vet. Office, Computer Services co. SGSHS: Psychology office, Non-profit agencies, Social Media

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