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Here is the actual problem: Molly's Meal Delivery Service Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is
Here is the actual problem:
Molly's Meal Delivery Service Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below They provide "home-cooked" meals for corporate events as well as individual needs Molly's operates with a December 31, 20XX financial year-end Chart of Accounts Assets 101 140 145 150 175 175.1 176 176.1 Cash Food Supplies Kitchen Supplies Prepaid Rent Ovens Accum. Depr. - Ovens Kitchen Equipment Accum. Depr.- Kitchen Equipment Liabilities 201 210 Accounts Payable Wages Payable Owner's Equit 301 302 Molly Murphy, Capital Molly Murphy, Drawing Revenues 401 Meal Delivery Revenue
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