Chart of Accounts Assign account numbers and specify whether each account would appear on the balance sheet or income statement. 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 subclassification (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 Inventory, 115 for Estimated Returns Inventory, and so on). Note: If an account would not appear on either the Balance Sheet or the Income Statement, select "N/A". Note: If an account would not appear on either the Balance Sheet or the Income Statement, select "N/A". Major Financial Possible Account Account Statement Classification Number Accounts Payable Accounts Receivable Accumulated Depreciation-Office Equipment Accumulated Depreciation-Store Equipment Advertising Expense Cash Common Stock Cost of Goods Sold Customer Refunds Payable Delivery Expense Depreciation Expense-Store Equipment Dividends Estimated Returns Inventory Insurance Expense Interest Expense Interest Revenue Inventory Land Miscellaneous Administrative Expense Miscellaneous Selling Expense Notes Payable Office Equipment Office Salaries Expense Office Supplies Office Supplies Expense Prepaid Insurance Rent Expense Retained Earnings Salaries Payable Sales Sales Salaries Expense Store Equipment Store Supplies Store Supplies Expense