Chart of accounts
Inners cape Interiors is owned and operated by Gina Kissel, an interior decorator. In the ledger of Inners cape Interiors, the first digit of the account number indicates its major account classification (1—assets, 2—liabilities, 3—stockholders’ equity, 4—revenues, 5—expenses). The second digit of the account number indicates the specific account within each of the preceding major account classifications. Match each account number with its most likely account in the list below. The account numbers are 11, 12, 13, 21, 31, 32, 33, 41, 51, 52, and 53.
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Accounts Payable |
Land |
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Accounts Receivable |
Miscellaneous Expense |
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Capital Stock |
Retained Earnings |
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Cash |
Supplies Expense |
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Dividends |
Wages Expense |
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Fees Earned |
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