Mathematics, 06.10.2020 07:01 maggiemae3645

Mr. Ross had been classifying fuel costs as Delivery Expense but has found that the amount paid each month for gasoline has become a major expense and has decided to use a separate account, Gasoline Expense. Also, a new account, Water Expense, is to be added to the chart of accounts. Account number should be assigned to Gasoline Expense. Account number should be assigned to Water Expense. A blank general ledger account is shown here with locations identified by numbers. Use the numbers to answer the questions to open Delivery Expense.

What value is entered in location 1?
What value is entered in location 2?

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Mr. Ross had been classifying fuel costs as Delivery Expense but has found that the amount paid each...