Chart of Accounts Coding
Bumble Beasley Attempted to Design a Hierarchical

question 9

Essay

Chart of accounts coding
Bumble Beasley attempted to design a hierarchical chart of accounts in the following format: x.y.z. "X" stands for the type of account (1 = asset, 2= liability, etc.), while "Y" indicates whether the account is current (1) or non-current (2). If the current/non-current designation doesn't apply, "Y" is the number "zero." "Z" identifies the specific account. He developed the following account numbers:
Identify the accounts that are correctly coded. $$\begin{array} { | l | l | } \hline 2.1 .1 & \text { Accounts payable } \\\hline 3.1 .1 & \text { Capital stock } \\\hline 1.1 .1 & \text { Cash } \\\hline 3.0 .1 & \text { Cost of goods sold } \\\hline 4.0 .2 & \text { Depreciation expense } \\\hline 1.2 .2 & \text { Equipment } \\\hline 1.1 .3 & \text { Interest payable } \\\hline 2.1 .2 & \text { Inventory } \\\hline 3.2 .1 & \text { Land } \\\hline 2.2 .1 & \text { Long-term notes payable } \\\hline 3.0 .1 & \text { Retained earnings } \\\hline 4.1 .1 & \text { Sales } \\\hline\end{array}$$

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Definitions:

Hallucinations

Perceptions or sensations that appear real but are created by the mind, without an external stimulus.

Delusions of Persecution

A type of delusion where an individual believes, without basis, that they are being mistreated, spied on, or harassed by others.

Positive Symptoms

Features of a disorder that are present and observable, such as hallucinations or delusions, especially in the context of schizophrenia.

Negative Symptoms

Features often associated with schizophrenia or other psychiatric conditions, characterized by deficits or diminutions, such as lack of emotion, motivation, or social interaction.