On January 1, Cassie Harris Established a Catering Service

question 224

Essay

On January 1, Cassie Harris established a catering service. Listed below are accounts she would like to open in the general ledger. List the accounts in the order in which they should appear in the ledger and propose a two-digit account numbering scheme that is consistent with the rules of a proper chart of accounts.
1.Cash
2.Supplies
3.Equipment
4.Accounts Payable
5.Cassie Harris, Capital
6.Wages Expense
7.Rent Expense
8.Truck
9.Utilities Expense
10.Cassie Harris, Drawing
11.Truck Expense
12.Prepaid Insurance
13.Fees Earned
14.Miscellaneous Expense
15.Insurance Expense
16.Notes Payable
17.Accounts Receivable

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Definitions:

Religious Warfare

Armed conflict primarily motivated or justified by differences in religion, often characterized by a profound sense of mission or divine command among the participants.

Thirty Years' War

A protracted, multifaceted conflict in Central Europe that took place between 1618 and 1648, involving most of the major European powers of the time and marked by significant casualties and territorial changes.

Peace of Augsburg

A 1555 treaty between Charles V, Holy Roman Emperor, and the Schmalkaldic League that allowed the princes of the Holy Roman Empire to choose either Catholicism or Lutheranism as their territory's official religion.

German Calvinists

A religious group in Germany that follows the theological teachings and reforms of John Calvin, emphasizing the sovereignty of God and the scripture's authority over church traditions.