Question Description

I’m studying for my Accounting class and don’t understand how to answer this. Can you help me study?

Please create a well-presented chart of accounts for a new company including:

Assets> and all potential accounts that go under it. long term- and short term should be included too

Liabilities> and all potential accounts that go under it. long term- and short term should be included too

Owner’s equity> and all potential accounts that go under it

Revenue> and all potential accounts that go under it

Expenses> and all potential accounts that go under it

The company is new so we need to know what are the account that we will be working with.

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