Required:

Using the Chart of Accounts Provided, Indicate by |

question 101

Essay

$$\begin{array} { | l | l | l | l | } \hline 1100 & \text { Cash } & 2170 & \text { Property taxes payable } \\\hline 1120 & \text { Short-term investments } & 2180 & \text { Rent payable } \\\hline 1130 & \text { Notes receivable } & 2200 & \text { Long-term notes payable } \\\hline 1140 & \text { Accounts receivable } & 3100 & \text { Common stock } \\\hline 1145 & \text { Loan receivable } & 3200 & \text { Retained earnings } \\\hline 1150 & \text { Interest receivable } & 5000 & \text { Sales revenue } \\\hline 1160 & \text { Other accrued receivables } & 5300 & \text { Interest revenue } \\\hline 1200 & \text { Inventory } & 6000 & \text { Cost of goods sold } \\\hline 1250 & \text { Supplies } & 6200 & \text { Advertising expense } \\\hline 1260 & \text { Prepaid expenses } & 6210 & \text { Miscellaneous expense } \\\hline 1320 & \text { Buildings and equipment (B\&E) } & 6220 & \text { Depreciation expense } \\\hline 1325 & \text { Accumulated depreciation-B\&E } & 6230 & \text { Insurance expense } \\\hline 2110 & \text { Short-term notes payable } & 6240 & \text { Property tax expense } \\\hline 2120 & \text { Interest payable } & 6250 & \text { Rent expense } \\\hline 2130 & \text { Accounts payable } & 6260 & \text { Supplies expense } \\\hline 2140 & \text { Deferred revenue } & 6270 & \text { Salaries and wages expense } \\\hline 2150 & \text { Salaries and wages payable } & 6400 & \text { Interest expense } \\\hline 2160 & \text { Dividends payable } & 6999 & \text { Income summary account } \\\hline\end{array}$$
Required:

Using the chart of accounts provided, indicate by account number the account or accounts that would be debited and credited in the following transactions. Also enter the number 1, 2, or 3 to indicate the type of transaction as: (1) an external transaction, (2) an internal transaction recorded as an adjusting journal entry, or (3) a closing entry. The company uses a perpetual inventory system. All prepayments are initially recorded in permanent accounts

-Collected cash on account from customers.

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Definitions:

Marketing Dashboard

A visual representation tool that allows managers to monitor the performance of marketing metrics and key performance indicators (KPIs) at a glance.

Marketing Metrics

Quantitative measures used to assess, compare, and track marketing performance and effectiveness.

Marketing Objective

A specific goal that an organization intends to achieve through its marketing efforts, such as increasing brand awareness or sales.

Strategic Marketing Process

A method by which an organization allocates its marketing mix resources to reach its target markets and achieve competitive advantage.