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