ASSETS ACCOUNTS (Debit)

CURRENT ASSETS NON-CURRENT ASSETS

Cash Office Furniture
Accounts Receivable (Accumulated Depreciation,
(Allowance Uncollectible Accounts) Furniture)
Prepaid rent Office Equipment
Prepaid Expense (Accumulated Depreciation,
Prepaid Insurance Equipment)
Notes Receivable
Interest Receivable
Accrued receivable/Income

LIABILITIES ACCOUNTS (Credit)

CURRENT LIABILITIES NON-CURRENT LIABILITIES
Accounts payable Long term Payable
Notes payable Mortgage Payable
Salaries Payable
Unearned Income
Accrued Interest Expense

OWNER’S EQUITY
CAPITAL (CREDIT) DRAWING(DEBIT)
 NET OPERATING ACCOUNTS
REVENUE
PROFESSIONAL FEES
LEGAL FEE
RETAINER FEES INCOME
(NET OPERATING EXPENSES) NET OTHER INCOME
Salaries Expense Interest Income
Utilities Expense (Interest expense)
Rent Expense
Supplies Expense
Depreciation Expense, Office
Equipment
Depreciation Expense, Office
Furniture
Doubtful Accounts Expense or
Uncollectable Accounts Expense or
Allowance for bad debts
TOTAL OPERATING EXPENSE
Not recorded in Income statement
Prepaid expenses