Monet Paints Co. is a newly organized business with a list of accounts arranged in alphabetical order, as follows:

Assign account numbers and specify whether each account would appear on the balance sheet or income statement, as illustrated below. Each account number is three digits: the first digit is to indicate the major classification (1 for assets, and so on); the second digit is to indicate the sub classification (11 for current assets, and so on); and the third digit is to identify the specific account (110 for Cash, 112 for Accounts Receivable, 114 for Merchandise Inventory, 115 for Store Supplies, and so on).

Note: If an account would not appear on either the Balance Sheet or the Income Statement, select "N/A".

Account	Financial Statement	Major Classification	Possible Account Number
Accounts Payable
Accounts Receivable
Accumulated Depreciation—Office Equipment
Accumulated Depreciation—Store Equipment
Advertising Expense
Cash
Cost of Merchandise Sold
Customer Refunds Payable
Delivery Expense
Depreciation Expense—Office Equipment
Depreciation Expense—Store Equipment
Estimated Returns Inventory
Insurance Expense
Interest Expense
Kailey Garner, Capital
Kailey Garner, Drawing
Land
Merchandise Inventory
Miscellaneous Administrative Expense
Miscellaneous Selling Expense
Notes Payable
Office Equipment
Office Salaries Expense
Office Supplies
Office Supplies Expense
Prepaid Insurance
Rent Expense
Salaries Payable
Sales
Sales Salaries Expense
Store Equipment
Store Supplies
Store Supplies Expense