Preparing a chart of accounts.
The accounts that will be used by Three Brothers Moving Company follow. Prepare a chart of accounts for the firm. Classify the accounts by type, arrange them in an appropriate order, and assign suitable account numbers.
Trey Calhoun, Capital
Office Supplies
Accounts Payable
Cash
Utilities Expense
Office Equipment
Salaries Expense
Prepaid Rent
Fees Income
Accounts Receivable
Telephone Expense
Trey Calhoun, Drawing
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