Freddy's Fir Tree Company Is a New Business

question 39

Essay

Freddy's Fir Tree Company is a new business. The following accounts are required in the general ledger.

Organize the accounts into the order in which they should appear in the general ledger of Freddy's Fir Tree Company and assign account numbers.
Use the following system to assign account numbers.
1000-1999 Assets
2000-2999 Liabilities
3000-3999 Shareholder's equity account
4000-4999 Revenues
5000-5999 Expenses

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Definitions:

Policy Advocates

Individuals or groups that actively work to support, lobby for, or promote specific policies or legislative changes.

Direct Service

A type of social service delivery that involves providing immediate assistance to individuals or groups to meet their needs.

Private Markets

Markets that operate with financial transactions not open to the public or regulatory oversight, often involving private equity, venture capital, and real estate.

Ethical Standpoint

A perspective or stance taken on an issue that is based on a set of moral principles or values.