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  • Chart of Accounts

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    Vall Halla
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    This document outlines the accounts used on a company's balance sheet and income statement. The balance sheet accounts are organized into assets, liabilities, and stockholders' equity sections, and include line items for cash, accounts receivable, inventory, equipment, and retained earnings. The income statement accounts are separated into the revenue section including fees, rent and sales, and the expenses section comprising various operating costs such as wages, supplies, and advertising expenses.

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    Chart of accounts

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    This document outlines the accounts used on a company's balance sheet and income statement. The balance sheet accounts are organized into assets, liabilities, and stockholders' equity sections, and include line items for cash, accounts receivable, inventory, equipment, and retained earnings. The income statement accounts are separated into the revenue section including fees, rent and sales, and the expenses section comprising various operating costs such as wages, supplies, and advertising expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    25 views1 page

    Chart of Accounts

    Uploaded by

    Vall Halla
    This document outlines the accounts used on a company's balance sheet and income statement. The balance sheet accounts are organized into assets, liabilities, and stockholders' equity sections, and include line items for cash, accounts receivable, inventory, equipment, and retained earnings. The income statement accounts are separated into the revenue section including fees, rent and sales, and the expenses section comprising various operating costs such as wages, supplies, and advertising expenses.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Balance Sheet Accounts

    1. Assets
    11 Cash
    12 Accounts Receivable
    13 Notes Receivable
    14 Supplies
    15 Prepaid Insurance
    16 Merchandise Inventory
    17 Land
    18 Office Equipment
    19 Accumulated Depreciation –
    Office Equipment
    2. Liabilities
    21 Accounts Payable
    22 Wages Payable
    23 Unearned Rent
    24 Notes Payable
    3. Stockholders’ Equity
    31 Capital Stock
    32 Retained Earnings
    33 Dividends
    34 Income Summary
    Income Statement Accounts
    4. Revenue
    41 Fees Earned
    42 Rent Revenue
    43 Sales
    5. Expenses
    51 Wages Expense
    52 Rent Expense
    53 Depreciation Expense
    54 Utilities Expense
    55 Supplies Expense
    56 Insurance Expense
    57 Advertising Expense
    58 Automobile Expense
    59 Miscellaneous Expense

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