Create a chart of accounts that a merchandising company (a corporation) would use. Your chart should have 30 accounts exactly and include the following:

1. 21 regular control accounts. These accounts should come from each major accounting category (assets, liabilities, equity, revenues and expenses) as needed for a merchandising company.

2. 5 subsidiary accounts.

3. 4 contra accounts. a. 2 contra asset accounts (1 short-term account and 1 long-term account). b. 1 contra liability account. c. 1 contra revenue account.

PLEASE ANSWER ALL THE QUESTIONS!!!!! TEST REVIEW!!!!