Chapter 2, Problem E2.11E

Creating a chart of accounts
Learning Objective 1
Raymond Autobody Shop has the folowing accounts:

Accounts Payable	Service Revenue
Cash	Equipment
Utilities Expense	Raymond, Capital
Automotive Supplies	Advertising Expense
Raymond, Withdrawals	Unearned Revenue

Create a chart of accounts for Raymond Autobody Shop using the standard numbering system. Each accounts is separated by a factor of 10. For example, the fist asset account will be 100 and the next asset account will 110.