Introduction

This challenge exercise will test your understanding of setting up the Chart of Accounts, creating allocation accounts, and printing the Chart of Accounts.

Instructions

Continue with the data set created in Lesson $2.$ Use $01/01/2023$ as the session date.

Objectives

Create a Chart of Accounts

Set up Allocation Accounts

Print the Chart of Accounts

Hand In

Chart of Accounts

Exercises

Add the following Chart of Accounts:

$1010$

Bank $-$ Chequing

$1600-200$

Revenue from Textbook Sales

$1030$

Bank $-$ Credit Card

$1620-100$

Sales Discounts

$1100$

Accounts Receivable

$1620-200$

Sales Discounts

$1120$

Office Supplies

$1700-100$

Advertising Expense

$1130$

Textbooks

$1700-200$

Advertising Expense

$1200$

Computer