Oak Interiors is owned and operated by Fred Biggs, an interior decorator. In the ledger of Oak Interiors, the first digit of the account number indicates its major account classifica- tion (1—assets,...

Oak Interiors is owned and operated by Fred Biggs, an interior decorator. In the ledger of Oak Interiors, the first digit of the account number indicates its major account classifica- tion (1—assets, 2—liabilities, 3—owner’s equity, 4—revenues, 5—expenses). The second digit of the account number indicates the specific account within each of the preceding major account classifications. Match each account number with its most likely account in the list that follows. The account numbers are 11, 12, 13, 21, 31, 32, 41, 51, 52, and 53. EX 2-3 OBJ. 1 Accounts Payable Accounts Receivable Cash Fees Earned Fred Biggs, Capital Chart of accounts Fred Biggs, Drawing Land Miscellaneous Expense Supplies Expense Wages Expense