Epense. Aoweteing Exponse, Unber trpente Mscoltanecus Eipense expianators Every line an a jouma page is used for debit or credt enbies CNOW joumals wW antomaticaly indevt a creal ently when a credf amount is entered Reed Estense, Adventing Eipense, Uater Exponse, Macotaneoun Eiponese. Chart of Accounts CHART OF ACCOUNTS Simmons Consulting Co. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Office Equipment LIABILITIES 21 Accounts Payable REVENUE 41 Fees Earned EXPENSES 51 Rent Expense 52 Advertising Expense 53 Utilities Expense 54 Miscellaneous Expense EQUITY 31 Michael Short, Capital 32 Michael Short, Drawing explanations. Evey line on a joumal pege a used far debe or credl entriet CNOW purhals will aifomabcaly indent a crodit enty when a ciedt smount is enternd