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sare a trial bace using CLGL, use the year 2020 when recording transactions and preparing reports OBLEM 3-5A Following is the chart of accounts of

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sare a trial bace using CLGL, use the year 2020 when recording transactions and preparing reports OBLEM 3-5A Following is the chart of accounts of Sanchez Realty Company: LO1,2, 3 Assets 111 Cash 113 Accounts Receivable 115 Supplies Revenue 411 Professional Fees Expenses 511 Salary Expense 512 Rent Expense 513 Advertising Expense 514 Utilities Expense CLG 17 Prepaid Insurance 124 Office Furniture Liabilities Accounts Payable 221 Owner's Equity 3 San 1 T. Sanchez, Capital 12 T. Sanchez, Drawing chez during April (the first month of business)!: 1 Sanchez deposited $20,000 in a bank account in the name of the business. 5 Sold realty services on account to R. Miller, $7,500, Inv. No. 100. 7 Paid a bill for advertising, $250, Ck. No. 1001. (Continued)

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