Question

The assets division should contain what accounts

Answer 1

98610100Using your completed Chart of Accounts, choose the one correct answer.1. The assets division should contain what accounts?A. 11 P.Woodsley, Capital12 Equipment—Store13 Equipment—Office14 Cash15 Accounts Payable—Taylor InvestmentsB. 11 Accounts Payable—Bellhaven Bank12 Equipment—Store13 Equipment—Office14 P.Woodsley, Capital15 CashC. 11 Cash12 Equipment—Store13 Equipment—Office14 Prepaid Insurance15 Accounts Payable—Taylor InvestmentsD. 11 Cash12 Prepaid Insurance13 Equipment—Store14 Equipment—Office15 Supplies2. The liabilities division should contain what accounts?A. 21 Accounts Payable—Bellhaven Bank22 P.Woodsley—CapitalB. 21 Accounts Payable—Bellhaven Bank22 Accounts Payable—Taylor InvestmentsC. 2122D. 21 Accounts Payable—Bellhaven Bank22 Merchant’s Bank3. The owner’s equity division should contain what account(s)?A. 31 P.Woodsley—Capital