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Scott Ryan has contacted you to organize the accounting records for Family Consulting. It is a sole proprietorship providing counseling for newly married couples. a.
Scott Ryan has contacted you to organize the accounting records for Family Consulting. It is a sole proprietorship providing counseling for newly married couples. a. The business only has a checking account. There is no savings account or investment account. b. The business rents office space (paid at the beginning of every month) c. The business owns a laptop computer. d. There is no mortgage or notes payable. e. The business has no employees but pays a temporary personnel firm for one administrative staff identified as an independent contractor. f. The business buys annual liability insurance. The business uses the accrual method of accounting Required: Using the above information, list ten account titles in the organization's chart of accounts necessary to operate the accounting system and record transaction in the organization's general ledger
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