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Direction: Illustrate the entire accounting cycle of a merchandising business using the transactions of Maria Merchandising for the month of July. Below is the business's chart of accounts. MARIA MERCHANDISING Chart of Accounts Account Number Account Classification 001 Current Assets 031 Current Assets 032 Current Assets-contra 041 Current Assets 051 Current Assets 056 Current Assets 065 Non-current Assets 066 Non-current Assets - contra 071 Current Liabilities 075 Current Liabilities 076 Current Liabilities 101 Owner's Equity 111 Revenues 121 Cost and Expenses 122 Cost and Expenses - contra 131 Cost and Expenses 132 Cost and Expenses 133 Cost and Expenses 136 Cost and Expenses 137 Cost and Expenses 140 Cost and Expenses 145 Cost and Expenses 170 Cost and Expenses 180 Others Account Title Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Prepaid Rent Store Supplies Store Furniture Accumulated Depreciation-Store Furniture Accounts Payable Salaries Payable Unearned Sales Maria Lopez, Capital Sales Purchases Purchase Returns and Allowances Utilities Expense Salaries Expense Rent Expense Taxes and License Expense Store Supplies Expense Depreciation Expense - Store Furniture Doubtful Accounts Expense Miscellaneous Expense Income Summary The business transactions for the month of July are provided below:​

Sagot :

Hacker112idn

Answer:

48263

7821

8881

245

the month of july

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