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Learning Task 4: Collaboration and Communications (Written Task) Direction: If this is a company transaction of MCValle Enterprises, prepare chart of accounts by completing the box. Chart of Accounts

Learning Task 4: Collaboration and Communications (Written Task) Direction: If this is a company transaction of MCValle Enterprises, prepare chart of accounts by completing the box. Chart of Accounts

FINANCIAL ACCOUNTING
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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Learning Task 4: Collaboration and Communications (Written Task) Direction: If this is a company transaction of MCValle Enterprises, prepare 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 Сapital Withdrawal Wage Expense Light and Power Expense Rent Expense Account Codes: Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599
Transcribed Image Text:Learning Task 4: Collaboration and Communications (Written Task) Direction: If this is a company transaction of MCValle Enterprises, prepare 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 Сapital Withdrawal Wage Expense Light and Power Expense Rent Expense Account Codes: Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599
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