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monet paints co is a newly organized business with a list of accounts arranged in al 541769

Chart of accounts

Monet Paints Co. is a newly organized business with a list of accounts arranged in alphabetical order below.

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Accounts Payable

Miscellaneous Selling Expense

Accounts Receivable

Notes Payable

Accumulated Depreciation—Office Equipment

Office Equipment

Accumulated Depreciation—Store Equipment

Office Salaries Expense

Advertising Expense

Office Supplies

Capital Stock

Office Supplies Expense

Cash

Prepaid Insurance

Cost of Merchandise Sold

Rent Expense

Delivery Expense

Retained Earnings

Depreciation Expense—Office Equipment

Salaries Payable

Depreciation Expense—Store Equipment

Sales

Dividends

Sales Discounts

Income Summary

Sales Returns and Allowances

Insurance Expense

Sales Salaries Expense

Interest Expense

Store Equipment

Land

Store Supplies

Merchandise Inventory

Store Supplies Expense

Miscellaneous Administrative Expense

balance sheet and income statement order, as illustrated in. Each account number is three digits: the first digit is to indicate the major classification (1 for assets, and so on); the second digit is to indicate the sub classification (11 for current assets, and so on); and the third digit is to identify the specific account (110 for Cash, 112 for Accounts Receivable, 114 for Merchandise Inventory, 115 for Store Supplies, and so on).

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