edit Card Unearned Revenue Owner Distributions Owner’s Investment Retained Earrings Equity Sales Advertising & Marketing Bank Charges & Fees Contractors Insurance: Liability Insurance Expens

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter3: Journalizing Transactions
Section: Chapter Questions
Problem 1SDP
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Indicate the QBO Account Type for each of the following accounts appearing in Mookie The Beagle Concierge’s Chart of Accounts.  

Account                                                                                  QBO Account Type

  1. Checking
  2. Accounts Receivable(A/R) Asset
  3. Inventory
  4. Prepaid Expenses
  5. Prepaid Expenses; Insurance
  6. Prepaid Expenses: Rent
  7. Prepaid Expenses: Supplies
  8. Account Payable (A/P)
  9. VISA Credit Card
  10. Unearned Revenue
  11. Owner Distributions
  12. Owner’s Investment
  13. Retained Earrings Equity
  14. Sales
  15. Advertising & Marketing
  16. Bank Charges & Fees
  17. Contractors
  18. Insurance: Liability Insurance Expense
  19. Insurance: Renter Insurance Expense
  20. Interest Paid
  21. Legal & Professional Services
  22. Meals & Entertainment
  23. Office Supplies Asset
  24. Rent & Lease
  25. Repairs & Maintenance
  26. Travel
  27. Utilities
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