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It is important to set up a properly numbered chart of accounts, especially in a computerized accounting system. Use account numbers 101 through 106, 201,
It is important to set up a properly numbered chart of accounts, especially in a computerized accounting system. Use account numbers 101 through 106, 201, 221, 301, 321, 401, 501, and 521 to correspond to the following selected accounts from the general ledger of Kelowna Music Festival. List the accounts and their account numbers in proper order, starting with the most liquid current asset. M. Wyant, Capital Accounts Receivable Cash Accounts Payable Music Equipment Supplies Accumulated Amortization-Music Equipment List the accounts for account numbers 101 to 106 Number Account 101 102 103 104 105 106 Amortization Expense-Music Equipment Cost of Goods Sold Note Payable, Long-Term M. Wyant, Withdrawals Inventory Sales Revenue
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