Please answer correctly and provide the answers in what is really needed. Please be guided by photo attached. Thank you! I am a G11 student. Hope y'all will help me in my assignments! :)) Collaboration and CommunicationsInstruction: This is a company transaction of MC Gaborni Enterprises, Prepare a chart ofaccounts by completing the box.Chart of AccountsStatement of FinancialCodesAccount titlesAccount TypePosition/Statement ofComprehensive IncomeCashPrepaid RentRevenueDelivery VehiclesAccounts PayableEquipmentInventoryInterest IncomeAdvertising ExpenseAccounts ReceivableNote PayableAccrued ExpenseOffice SuppliesFurnitureLoans PayableCapitalWithdrawalWage ExpenseLight and Power ExpenseRent ExpensePage 9 of 10Account Codes:Assets100-199Liabilities200-299Equity300-399Revenues400-499Expenses500-599

The process by which financial transactions of the business are recorded and communicated with the…

Instruction: This is a company transaction of MC Gaborni Enterprises, Prepare a chart of accounts by completing the box. Chart of Accounts Statement of Financial Position/Statement of Codes Account titles Account Type Comprehensive Income Cash Prepaid Rent Revenue Delivery Vehicles Accounts Payable Equipment Inventory Interest Income Advertising Expense Accounts Receivable Note Payable Accrued Expense Office Supplies Furniture Loans Payable Capital Withdrawal Wage Expense Light and Power Expense Rent Expense Page 9 of 10 Account Codes: Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599

Instruction: This is a company transaction of MC Gaborni Enterprises, Prepare a chart of accounts by completing the box. Chart of Accounts Statement of Financial Position/Statement of Codes Account titles Account Type Comprehensive Income Cash Prepaid Rent Revenue Delivery Vehicles Accounts Payable Equipment Inventory Interest Income Advertising Expense Accounts Receivable Note Payable Accrued Expense Office Supplies Furniture Loans Payable Capital Withdrawal Wage Expense Light and Power Expense Rent Expense Page 9 of 10 Account Codes: Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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