usually starts with the balance sheet accounts and follows with the income statement accounts.
Helpful HintOn the textbook's front endpapers, you also will find an expanded chart of accounts.In this and the next two chapters, we will be explaining the accounting for Pioneer Advertising Agency Inc. (a service company). Accounts 101–199 indicate asset accounts; 200–299 indicate liabilities; 301–350 indicate stockholders' equity accounts; 400–499, revenues; 601–799, expenses; 800–899, other revenues; and 900–999, other expenses. Illustration 2-19shows Pioneer's chart of accounts. Accounts listed in red are used in this chapter; accounts shown in black are explained in later chapters.Illustration 2-19Chart of accounts for Pioneer Advertising Agency Inc.