For this question assume that the company discussed is a healthcare clinic. Please list the accounts and their general purposes.

Part 1: Current Liabilities and Prepaid Accounts In the company that you created in the Fundamentals of Accounting competency, think of the Chart of Accounts that you will need to develop and use for financial statements. Name at least three current liabilities and three prepaid account that might be part of your Chart of Accounts. Define and describe each one and how they might be used in your developing company