Homework Chapter 2 homework part1 by a factor of 10 For exam

Homework: Chapter 2 homework part1 by a factor of 10. For example, the first asset account will be 100 and the next asset account

Solution

Raymond Autobody Shop Chart of Accounts Code Account Description Assets 100 Cash 110 Accounts Receivable 120 Automotive Supplies 130 Prepaid expenses 160 Equipment Liabilities 200 Accounts Payable 210 Unearned Revenue Equity 300 Common Stock 310 Retained earnings 320 Dividends Revenue 400 Service Revenue Expenses 500 Automotive Supplies Expense 510 Utilities Expense 520 Advertising Expense 530 Depreciation Expense - Equipment 540 Wages Expense 550 Miscellaneous Expense 900 Income Summary