This chart of accounts should help you identify

the appropriate accounts to record to as you are

analyzing and journaling transactions for this
workbook. There is nothing to complete on this
page; this is simply a resource for you.

Asset Accounts Liability Accounts

Acct #
Cash 101 Notes Payable
Baking Supplies 102 Accounts Payable
Prepaid Rent 103 Wages Payable
Prepaid Insurance 104 Interest Payable
Baking Equipment 105
Office Supplies 106
Accounts Receivable 107
Accumulated Depreciation 108
Merchandise Inventory 109
 Equity Accounts
Acct # Acct #
201 Common Stock 301
202 Dividends 302
203 Cost of Goods Sold 303
204

Revenue Accounts
Acct #
Bakery Sales 401
Merchandise Sales 402

Expense Accounts
Acct #
Baking Supplies Expense 501
Rent Expense 502
Insurance Expense 503
Misc. Expense 504
Business License Expense 505
Advertising Expense 506
Wages Expense 507
Telephone Expense 508
Interest Expense 509
Depreciation Expense 510
Office Supplies Expense 511
 A Company
General Journal Entries
October, 20xx

Date Accounts Debit Credit

1-Oct $
$

1-Oct

3-Oct

7-Oct

10-Oct

11-Oct

13-Oct

13-Oct

14-Oct

30-Oct

31-Oct

31-Oct
31-Oct

Total - -
 A Company
General Journal Entries
November, 20xx

Date Accounts Debit Credit

Total - -
 A Company
General Journal Entries
December, 20xx

Date Accounts Debit Credit

Total - -
date Cash date date Notes Payable date
1-Oct $ - 3-Oct
3-Oct -
- 7-Oct
- 10-Oct
- 11-Oct
- 13-Oct
- 14-Oct
- 31-Oct
31-Oct -
- 5-Nov
8-Nov -
- 10-Nov
18-Nov -
- 15-Nov
- 20-Nov Accounts Rec.
- 20-Nov 31-Oct -
- 22-Nov - 8-Nov
30-Nov - - 18-Nov
- 1-Dec 30-Nov -
- 5-Dec - 8-Dec
- 7-Dec 31-Dec -
8-Dec -
- 10-Dec 0 0
- 13-Dec 0
- 15-Dec
15-Dec -
- 20-Dec

- 20-Dec
24-Dec -
- 30-Dec
31-Dec -
- -
-

Misc. expense Baking equipment

11-Oct - 13-Oct -
 Baking supplies Office supplies
1-Oct - 14-Oct -
15-Nov - 22-Nov -
11-Dec -

- -

Prepaid rent Prepaid insurance

7-Oct - 31-Oct -

Accounts payable Salary and wages expense

- 1-Oct 31-Oct -
- 31-Oct 15-Nov -
10-Nov - 30-Nov -
- 15-Nov 15-Dec -
20-Nov - 31-Dec -
- 30-Nov
10-Dec - -
- 11-Dec
13-Dec -
- -
-
Telephone expense
30-Oct -
30-Nov -

- Dividends
1-Dec -

-
Merchandise
Sales
Revenue
- 15-Dec
- 24-Dec

-
 Business License exp Common Stock
10-Oct - $ 1-Oct
0 13-Oct

Insurance expense

Advertising expense
13-Oct -
 Rent expense
7-Oct -
15-Nov -
15-Dec -

Bakery Sales
- 31-Oct
- 30-Nov
- 31-Dec
-

Salaries and wages payable

- 31-Oct
5-Nov -
- 15-Nov
20-Nov -
- 30-Nov
5-Dec -
- 15-Dec
20-Dec -
- 31-Dec

- -
-
 COGS
15-Dec -
24-Dec -

Merch. Inv. FIFO

7-Dec -
- 15-Dec
20-Dec -
- 24-Dec
30-Dec -
- -
-
FIFO
Purchases Sales Ending Inventory
No. of No. of No. of
Date Items Unit Price Total Price Items Unit Price Total Price Items Unit Price
7-Dec 10 $ 6.00 $ 60.00 10 $ 6.00

15-Dec 8 $ 6.00 $ 48.00 2 $ 6.00

20-Dec 20 $ 6.10 $ 122.00 2 $ 6.00

20 $ 6.10
22

24-Dec 2 $ 6.00 $ 12.00

16 $ 6.10 $ 97.60 4 $ 6.10
18 $ 109.60

30-Dec 25 $ 6.05 $ 151.25 4 $ 6.10

25 $ 6.05
29

Net
Inventory 55 $ 333.25 26 $ 157.60 29
Ending Inventory

Total Price Date Dr Cr

$ 60.00 7-Dec Merchandise Inventory (10 x $6) 60.00
Cash 60.00
$ 12.00 Purchased inventory

$ 12.00 15-Dec Cash (8 x $8.50) 68.00

$ 122.00 Merchandise Sales Revenue 68.00
$ 134.00 Record sale of inventory

15-Dec Cost of Goods Sold (8 X $6) 48.00

$ 24.40 Merchandise Inventory 48.00
Recorded the cost of goods sold

$ 24.40 20-Dec Merchandise Inventory (20 x $6.10 ) 122.00

$ 151.25 Cash 122.00
$ 175.65

$ 175.65 24-Dec Cash (18 x 8.50) 153.00

Merchandise Sales Revenue 153.00
Record sale of inventory

24-Dec Cost of Goods Sold (2 x $6)+(16 x $6.10) 109.60

Merchandise Inventory 109.60
Recorded the cost of goods sold

30-Dec Merchandise Inventory (25 x $6.05) 151.25

Cash 151.25
Purchases

12/7: 10 boxes purchased at $6

12/20: 20 boxes purchased at $6.10

12/30: 25 boxes purchased at $6.05
Sales – selling price, $8.50 a box
12/15: 8 boxes
12/24: 18 boxes
 A Company

Trial Balance
20xx
Unadjusted trial balance Adjusting entries
Account Debit Credit Debit
Cash -
Baking Supplies
Merchandise Inventory
Prepaid Rent
Prepaid Insurance
Baking Equipment
Accumulated Depreciation
Office Supplies
Accounts Receivable
Notes Payable
Interest Payable
Accounts Payable
Wages Payable
Common Stock
Dividends
Bakery Sales
Merchandise Sales
Baking Supplies Expense -
Rent Expense
Interest Expense -
Insurance Expense -
Depreciation Expense -
Misc. Expense
Office Supplies Expense -
Business License Expense
Advertising Expense
Wages Expense
Telephone Expense
COGS

Total: - - -
sting entries Adjusted trial balance
Credit Debit Credit

-
-

- - -
 A Company
Adjusting Journal Entries
20XX

Date Accounts Debit Credit

31-Dec Depreciation Expense
Accumulated Depreciation

- -
 A Company
Income Statement
For Qtr. Ending 12/31/20XX

Revenues

Total Revenues -

Gross Profit -

Operating Expenses:
-

Total Operating Expenses: -

Net Income -
 A Company
Statement of Stockholder's Equity
For Qtr. Ending 12/31/20xx
Common Stock Retained Earnings Total
Beginning Balances, September 30 0 0 0
Issued Common Stock
Net Income
Dividends
Ending Balances, December 31: - - -
 A Company
Balance Sheet
As of December 31, 20XX

Assets
Current Assets:

Total Current Assets -

Non-Current Assets:

Baking Equipment (Net) -

Total Assets: -
er 31, 20XX

Liabilities and Owners' Equity

Current Liabilities:

Total Current Liabilities -

Long Term Liabilities:

Total Long Term Liabilities: -

Total Liabilities: -

Shareholder's Equity:

Total Equity -

Total Liabilities & Equity -

 A Company
Closing Entries
Qtr ending 12/31/20xx

Date Accounts Debit Credit

31-Dec Bakery Sales
Merchandise Sales
Retained Earnings

31-Dec Retained Earnings

Baking Supplies Expense
Rent Expense
Wages Expense
Office Supplies Expense
Business License Expense
Office Expense
Depreciation Expense
Insurance Expense
Advertising Expense
Interest Expense
Telephone Expense
COGS

31-Dec Retained Earnings

Dividends
 A Company
Post-Closing Trial Balance
Qtr. Ending 12/31/20xx
Unadjusted Trial Balance
Account Debit Credit
Cash
Baking Supplies
Merchandise Inventory
Prepaid Rent
Prepaid Insurance
Baking Equipment
Accumulated Depreciation
Office Supplies
Accounts Receivable
Accounts Payable
Wages Payable
Interest Payable
Notes Payable
Common Stock
Retained Earnings

Total - -