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Monet Paints Co. is a newly organized business with a list of accounts arranged in alphabetical order, as follows: Assign account numbers and specify whether

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Monet Paints Co. is a newly organized business with a list of accounts arranged in alphabetical order, as follows: Assign account numbers and specify whether each account would appear on the balance sheet or income statement, as ilustrated below. Each account number is three digits: the first it is to indicate the major desification (1 for assets, and so on); the second digit is to indicate the subdassification (11 for current assets, and so on); and the third it is to identify the specific account (110 for cash 112 for Accounts Receivable, 114 for Merchandise Inventory, 115 for Store Supplies, and so on). Note: If account would not appear on either the balance sheet of the income Statement, select N/A Account Financial Statement Major Classification Accounts Payable Balance Sheet Liability - 200 Possible Account Number counts Receivable Balance Shell Asset 100 Balance Sheet Accurated Depreciation - Office Equipment cumded Decrecionore Equipment Advertising Expense Expense 500 Ace 100 Balance sheel Expenses Income State Balance Sheet SEE ch Store E Kailey Gamer, Capital Kailey Gamer, Drawing Land Merchandise Inventory Miscellaneous Administrative Expense Miscellaneous Selling Expense Notes Payable Office Equipment Office Salaries Expense Office Supplies Office Supplies Expense Prepaid Insurance Rent Expense Salaries Payable Sales Sales salaries Expense Store Equipment Store Supplies Salaries Payable Sales Sales Salaries Expense Store Equipment Store Supplies Store Supplies Expense

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