Chart of Accounts ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Office Supplies 14 Prepaid Insurance EXPENSES 15 Land 51 Advertising Expense 16 Office Equipment 52 Automobile Expense 17 Automobiles 53 Insurance Expense 54 Rent Expense LIABILITIES 55 Salary Expense 21 Accounts Payable 56 Supplies Expense 22 Unearned Rent 57 Utilities Expense 23 Notes Payable 58 Miscellaneous Expense 24 Salaries Payable EQUITY 31 Owner's Capital 32 Owner's Drawing Prepare a joumal enty for the purchase of offce equlpment on Febnjary 19 for 511550 . paying 37,100 cash and the remainder on account. Aofor to the chart of accountt for the axact wording entry when a credit amount is entered