On December 1, 2015, Larry and Samantha West formed a corporation called Farm Branch Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of LMNOP Rentals, an equipment rental company that was going out of business. The newly formed company uses the following chart of accounts:

Set up the new company Farm Branch Rentals in the computerized accounting system software you selected with the information in the table that follows.
Set up the chart of accounts listed below; currently all accounts are going to begin with a zero balance.
Run an accounts listing of the chart of accounts and save in PDF format for submission.
Name of Company: Farm Branch Rentals
Address:

201 Farm Branch Road,

Rocky Mount NC 27811

Phone Number

555-897-7752
Federal ID Number

56-4785965
Business Entity

Corporation
Web Address:

www.farmbranchrentals.com
Email:

[email protected]
Chart of Accounts
Cash Income Taxes Payable
Accounts Receivable

Common/Capital Stock
Prepaid Rent

Retained Earnings
Prepaid Insurance

Dividends
Office Supplies

Rental Fees Earned
Rental Equipment

Salaries Expense
Accumulated Depreciation: Rental Equipment

Utilities Expense
Notes Payable

Rent Expense
Accounts Payable

Office Supplies Expense
Interest Payable

Depreciation Expense
Salaries Payable

Interest Expense
Dividends Payable

Income Taxes ExpenseDividend Expense
Unearned Rental Fees

I still cannot get access to quickbooks to do this as I really need help with this assignment and another that is due tomorrow. Im having a rough week.

few seconds ago
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