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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

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter1: Introduction To Accounting
Section: Chapter Questions
Problem 2SEB: ACCOUNTING PROCESS Match the following steps of the accounting process with their definitions....
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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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