Question

In: Accounting

What is the QBO Account Type for the following accounts appearing in Mookie The Beagle™ Concierge’s...


What is the QBO Account Type for the following accounts appearing in Mookie The Beagle™ Concierge’s Chart of Accounts?

1. Prepaid Expenses Other Current Assets
2. Uncategorized Asset Other Current Assets
3. Undeposited Funds Other Current Assets
4. Retained Earnings Equity
5. Billable Expense Income Income
6. Discounts
7. Gross Receipts
8. Refunds-Allowances Income
9. Sales Income
10. Shipping, Delivery Income Income
11. Uncategorized Income Income
12. Cost of labor - COS
13. Freight & delivery - COS Cost of Goods Sold
14. Other Costs - COS
15. Purchases - COS
16. Subcontractors - COS
17. Supplies & materials - COGS
18. Advertising Expenses
19. Bad Debts
20. Bank Charges Expenses
21. Commissions & Fees
22. Disposal Fees Expenses
23. Dues & Subscriptions
24. Freight & Delivery
25. Insurance Expenses
26. Insurance - Disability
27. Insurance - Liability
28. Interest Expense Expenses
29. Job Materials Expenses
30. Legal & Professional Fees Expenses
31. Meals and Entertainment Expenses
32. Office Expenses
33. Other General and Admin Expenses
34. Promotional
35. Rent or Lease Expenses
36. Repair & Maintenance Expenses
37. Shipping and Delivery Expense
38. Stationery & Printing
39. Subcontractors
40 Supplies Expenses
41. Taxes & Licenses Expenses
42 Tools
43. Travel Expenses
44. Travel Meals Expenses
45. Uncategorized Expense Expenses
46.. Utilities Expenses

Solutions

Expert Solution

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1.Prepaid Expenses - Other Current Assets

2.Uncategorized Asset-Other Current Assets-


3.Undeposited Funds    - Other Current Assets


4.Retained Earnings - Equity


5.Billable Expense Income-Income


6.Discounts - income or expenses depends on whether it is receivable or payable.


7.Gross Receipts - income


8.Refunds-Allowances - Income


9.Sales-Income


10.Shipping, Delivery- Income    Income


11.Uncategorized Income- Income


12.Cost of labor - COS

   
13.Freight & delivery - COS    Cost of Goods Sold


14.Other Costs - COS   


15.Purchases - COS   


16.Subcontractors - COS   


17.Supplies & materials - COGS   


18.Advertising    Expenses - expenses


19.Bad Debt - other current assets


20.Bank Charges - Expenses


21.Commissions & Fees-Expenses.   


24.Freight & Delivery- Expenses

25.Insurance    Expenses


26.Insurance - Disability   


27.Insurance - Liability   


28.Interest Expense    Expenses


29.Job Materials    Expenses


30.Legal & Professional Fees    Expenses


31.Meals and Entertainment    Expenses


32.Office Expenses   


33.Other General and Admin Expenses

   
34.Promotional   


35.Rent or Lease Expenses


36.Repair & Maintenance    Expenses


37.Shipping and Delivery Expense   


38.Stationery & Printing   


39.Subcontractors   


40Supplies    Expenses


41.Taxes & Licenses    Expenses


42Tools   


43.Travel    Expenses


44.Travel Meals    Expenses


45.Uncategorized Expense    Expenses


46..    Utilities


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