SOLE DISTRIBUTORS

CHART OF ACCOUNTS
Use for the Preparation of Financial Statements

100 ASSETS 400 INCOME

101 Cash and Cash Equivalents 401
105 Receivables 405 Net Sales
115 Inventories 410
120 Prepaid Expense 500 EXPENSES
150 Property, Plant and Equipment 501
200 LIABILITIES 502 Cost of Goods Sold
201 Accounts Payable 503
202 Notes Payable 504
300 EQUITY 505 Advertising
301 Mark Yu, Capital 506 Freight Out
302 Mark Yu, Drawings 510 Rent
530 Salaries
540 Utilities
601 Income Summary

SOLE DISTRIBUTORS
CHART OF ACCOUNTS
Use for Journalization and Posting to the Ledger

100 ASSETS 400 INCOME

101 Cash 401 Sales
105 Accounts Receivable 405 Sales Returns and Allowances
115 Merchandise Inventory 410 Sales Discount
120 Supplies 500 EXPENSES
150 Equipment 501 Purchases
200 LIABILITIES 502 Purchase Returns and Allowances
201 Accounts Payable 503 Purchase Discounts
202 Notes Payable 504 Freight In
300 EQUITY 505 Advertising
301 Mark Yu, Capital 506 Freight Out
302 Mark Yu, Drawings 510 Rent Expense
520 Salaries
540 Utilities
601 Income Summary