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Please help me with the following with the RED X Common Stock Interest Revenue Retained Earnings Thank you! Chart of Accounts Monet Paints Co. is
Please help me with the following with the RED X
Common Stock
Interest Revenue
Retained Earnings
Thank you!
Chart of Accounts Monet Paints Co. is a newly organized retail 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. Each account number is three digits: the first digit is to indicate the major classification (1 for assets, and so on); the second digit is to indicate the subclassification (11 for current assets, and so on); and the third digit is to identify the specific account ( 110 for Cash, 112 for Accounts Receivable, 114 for Inventory, 115 for Estimated Returns Inventory, and so on). Retained Earnings Salaries Payable Sales Sales Salaries Expense Store Equipment Store Supplies
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