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The following accounts are from Mookie the Beagle Concierge’s Chart of Account. For each account, identify Account Type and Financial Statement on which it appears. Account Account Type Financial Statement Sales Checking Account Receivable Rent& Lease Prepaid Expenses Prepaid Expenses: Supplies Office Supplies& Software Prepaid Expenses: Insurance Insurance: Liability Insurance Expense Undeposited Funds Account Payable VISA Credit Card Prepaid Insurance: Rent Interest Paid Contractors Legal & Professional Services Advertising & Marketing Meals & Entertainment Retained Earnings Owner’s Investment Owner Distributions Inventory Utilities

The following accounts are from Mookie the Beagle Concierge’s Chart of Account. For each account, identify Account Type and Financial Statement on which it appears. Account Account Type Financial Statement Sales Checking Account Receivable Rent& Lease Prepaid Expenses Prepaid Expenses: Supplies Office Supplies& Software Prepaid Expenses: Insurance Insurance: Liability Insurance Expense Undeposited Funds Account Payable VISA Credit Card Prepaid Insurance: Rent Interest Paid Contractors Legal & Professional Services Advertising & Marketing Meals & Entertainment Retained Earnings Owner’s Investment Owner Distributions Inventory Utilities

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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The following accounts are from Mookie the Beagle Concierge’s Chart of Account. For each account, identify Account Type and Financial Statement on which it appears.

Account                                                          Account Type                         Financial Statement

  1. Sales
  2. Checking
  3. Account Receivable
  4. Rent& Lease
  5. Prepaid Expenses
  6. Prepaid Expenses: Supplies
  7. Office Supplies& Software
  8. Prepaid Expenses: Insurance
  9. Insurance: Liability Insurance Expense
  10. Undeposited Funds
  11. Account Payable
  12. VISA Credit Card
  13. Prepaid Insurance: Rent
  14. Interest Paid
  15. Contractors
  16. Legal & Professional Services
  17. Advertising & Marketing
  18. Meals & Entertainment
  19. Retained Earnings
  20. Owner’s Investment
  21. Owner Distributions
  22. Inventory
  23. Utilities
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