1. If necessary, go to www.mhhe.com/qbo2e > Student Edition > Chapter 2 > Problem Solving. 2. On the Chart of Accounts, why are the category and detail type selections important? To explain the...

1. If necessary, go to www.mhhe.com/qbo2e > Student Edition > Chapter 2 > Problem Solving.

2. On the Chart of Accounts, why are the category and detail type selections important? To explain the category and detail types, use 3 accounts – one asset, one liability, and one expense account. Identify the Category Type, Detail Type, Name, Number and financial statement.