CREATE AN EXAMPLE OF CHART OF ACCOUNTS. (SHOULD BE ARRANGED FROM ASSETS TO EXPENSES) The entries in the general journal are classified in the general ledger. Allthe account titles to be used in the recording process are assigned pagesin the general ledger. Ledger accounts are listed in a chart of accounts. Thechart of accounts is a listing of titles that are to be used for the accountingperiod, which is usually a calendar year or a fiscal year.Here is an example of a chart of account:AccountNumberAccount TitleAccountCash on HandAccount TitleA1NumberA2Cash in BankD1Service Income/SalesАЗAccounts ReceivableOffice SuppliesExpensesE2E1АЗаAllowance for Bad DebtsDepreciation ExpenseRent ExpenseLight, Water, andTelephoneRent ExpenseSalaries ExpenseBad Debts ExpenseRepair ExpenseA4aSupplies InventoryE3A4Merchandise InventoryE4Office EquipmentAccumulated DepreciationOffice EquipmentA5E5A5aE6E7E8Accounts PayableLoans PayableJose Hilario, CapitalJose Hilario, DrawingsB1B2C1C2The account titles and account numbers may vary depending on thenature, form, and size of the business. The general ledger has a table ofcontents with the names of accounts and their pages.

Name: CREATE AN EXAMPLE OF CHART OF ACCOUNTS. (SHOULD BE ARRANGED FROM ASSET
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: CREATE AN EXAMPLE OF CHART OF ACCOUNTS. (SHOULD BE ARRANGED FROM ASSETS TO EXPENSES) The entries in the general journal are classified in the general ledger. Allthe account titles to be used in the recording process are assigned pagesin the general l