E2.10 Account Types Page 122 The Chart of Accounts is a list of accounts a company uses to track accounting information. QBO sets up a Chart of Accounts when setting up a new company. Then accounts can be edited, added, and inactivated as needed. Answer the following questions about the Chart of Accounts. Account Types Bank Accounts Receivable (A/R) Other Current Assets Fixed Assets Accounts Payable (A/P) Credit Card Other Current Liabilities Long-Term Liabilities Equity Income Cost of Goods Sold Expenses Other Income Other Expense What is the Account Type for the following accounts? 1. Checking account 2. Visa 3. Accounts Receivable (A/R) 4. Accounts Payable (A/P) 5. Prepaid Expenses 6. Owner Distribution