Question

Remaining Time: O8 minutes, 50 seconds. Less than half of the time remains Question Completion Status: Moving to the next question prevents changes to this answer Question 14 of 20 Question 14 5 points Louis Rute Consulting Services has five accounts in its initial trial balance. Cash, Accounts Payable Bar Capital Telephone Expense and Consulting Revenue using the chart for making journal entries, which account is listed third in the trial balance for the consulting services business? O A Cash OB. Accounts Payable OC. Rult Capital D. Telephone Expense E. Consulting Revenue

Answer 1

The answer is option C. Rulz Capital

The chart of accounts order would be
1. Asset Accounts

2. Liability Accounts

3. Equity Accounts

4. Revenue Accounts

5. Expense Accounts

The question asked here is what is the third account from the given list of accounts when they are placed in the order of chart of accounts. So the order for the given list of accounts is as follows

Cash

Accounts Payable

Rulz Capital

Consulting Revenue

Telephone Expenses