Use the following information to answer the part a and part b questions:

Customers cannot use commercial credit cards, but Jim has in-house credit.

Cash in the bank includes a chequing account, savings account, change fund and petty cash fund.

Jim pays for rent and insurance in advance.

When Jim started the business he purchased land, a building used for the store, furniture and fixtures, and computer equipment. There have been no additional purchases of capital assets.

Jim issued a 90 day note to a customer that could not pay the amount owed that was recorded in accounts receivable. There are no notes payable.

Jim earns interest on both the chequing account and the savings account.

a. Which subsidiary ledgers will be required for this business?

b. If Jim is thinking of opening a second store and accounting for both stores separately and together using the same chart of accounts, how might this be allowed for in the design of the initial chart of accounts?