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

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Chart of Accounts Monet Paints Co. is a newly organized retall 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 of income statement. Each account number is three digits: the first digitis 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 "NA" Account Financial Statement Major Classification Possible Account Number Accounts Payable Balance sheet Liability 200 210 - Accounts Receivable Balance Sheet Asset-100 Accumulated Deprecation-office Equipment Balance Sheet Asset - 10 526 Accumulated Depreciation Store Equipment Balance Sheet Asset 0 524. Advertising pense Income Statement Expense 500 112 X X 521 Cash Balance Sheet Asset NO 110- Common Stock Income Stais mant Income Statemen Balance Sheet 510 - Income Statement Income Statement Cost of Goods Sold Customer Refunds Payable Delivery Expense Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Dividends Estimated Returns Inventory Insurance Expense Expense 500 Liability.00 Expense 500 Expense 500 Expense 500 532 Income Statement 522 Assetto 115 Balance Sheet Income Statement Expense 500 Check My Work 2 more Check My Work uses remaining Dividends Estimated Returns Inventory Balance Sheet Asset - NO 115 - Income Statement Expense 500 533 - Income Statement Expense --500 710 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

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