Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a Charts of Account in good Accounting Format. Use a Running - Balance form general ledger. Enter the appropriate columnar heading: Date, adescription, P

Prepare a Charts of Account in good Accounting Format.
Use a Running-Balance form general ledger.
Enter the appropriate columnar heading: Date, adescription, P/R, Debit, Credit, and Balance.
[Assets],[101,Cash],[102,Accounts Receivable],[103,Painting Supplies],[104,Prepaid Insurance],[111,Painting Equipment],[112,Service Vehicle],[Liabilities],[201,Accounts Payable],[202,Notes Payable],[203,Unearned Revenue],[Owner's Equity],[,Faith D. Nakpil, Capital],[301,Faith D. Nakpil][302, Drawing],[Revenues],[401,Painting Revenues],[Expenses],[501,Salaries Expense],[502,Utilities Expense],[503,Maintenance Expense]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mis And Edp Auditing For Accountants And Auditors

Authors: Srv

1st Edition

9993730351, 978-9993730354

More Books

Students also viewed these Accounting questions