Assign the appropriate 3-digit account number to each account and place them under the correct headings. Initially the number the accounts by 10. Answer: 2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer:

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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Assign the appropriate 3-digit account number to each account and place them under the correct headings. Initially the number the accounts by 10. Answer: 2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer:
$
$
Insurance
2,400.00
$2,400.00
Service Revenue
$
600.00
$1,250.00
$600.00
Roger Fisher Withdrawl
1,250.00
Transcribed Image Text:$ $ Insurance 2,400.00 $2,400.00 Service Revenue $ 600.00 $1,250.00 $600.00 Roger Fisher Withdrawl 1,250.00
C.
d.
e.
Cash
$ 10,000.00 $
$
$
$5,850
Supplies
1,500.00
2,400.00
$500
$1,250
$1,500
Accounts Receivable
600.00
$600
$
$
Roger Fisher, Capital
$ 10,000.00
Accounts Payable
$500.00
$10,000.00
Fuel Expenses
500.00
2,400.00
$ 1,500.00
Insurance
$1,500
H
Transcribed Image Text:C. d. e. Cash $ 10,000.00 $ $ $ $5,850 Supplies 1,500.00 2,400.00 $500 $1,250 $1,500 Accounts Receivable 600.00 $600 $ $ Roger Fisher, Capital $ 10,000.00 Accounts Payable $500.00 $10,000.00 Fuel Expenses 500.00 2,400.00 $ 1,500.00 Insurance $1,500 H
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