Chart of Accounts Work 1A. Create the following new accounts in Craigs Design & Landscaping Service: Name: Professional license expense Account type: Expenses Detail Type: Other Business Expense Sub-Account: This account should be a sub-account of Taxes & Licenses NOTE: Account numbers are not used in the test drive company Name: Shrinkage and Waste Account type: Cost of Goods Sold Detail Type: Supplies & Materials - COGS Description: Account for Inventory Loss Sub-Account: This account should be a sub-account of Cost of Goods Sold NOTE: Account numbers are not used in the test drive company Name: Freight Account type: Cost of Goods Sold Detail Type: Shipping, Freight, & Delivery - COS Sub-Account: This account should be a sub-account of Cost of Goods Sold NOTE: Account numbers are not used in the test drive company Name: Bad Debts Expense Account Type: Expenses Detail Type: Bad Debts NOTE: Account numbers are not used in the test drive company