Acc 202- Final course project

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
Accounts Receivable 102 Accounts Payable
Prepaid Rent 103 Wages Payable
Prepaid Insurance 104
Office Supplies 105
Vehicle 106
Accumulated Depreciation (contra asset) 107

, Equity Accounts
Acct # Acct #
201 Owner's Capital 301
202 Owner Draws 302
203




Revenue Accounts
Acct #
Service Revenue 401




Expense Accounts
Acct #
Rent expense 501
Business License Expense 502
Telephone expense 503
Repairs and Maintenance 504
Advertising Expense 506
Wages Expense 507
Depreciation Expense 508

, A Company
General Journal Entries


Date Accounts Debit Credit
1-Jun Cash 50,000.00
Owners Capital 50,000.00

1-Jun Vehicle 15,000.00
Cash 15,000.00

3-Jun Cash 25,000.00
Notes Payable 25,000.00

5-Jun Rent Expense 1,195.00
Prepaid Rent 7,170.00
Cash 8,365.00

5-Jun Business License Expense 250.00
Cash 250.00

5-Jun Office Supplies 750.00
Accounts Payable 750.00

6-Jun Accounts Receivable 1,000.00
Service Revenue 1,000.00

9-Jun Cash 750.00
Accounts Receivable 750.00
Service Revenue 1,500.00

10-Jun Advertising Expense 250.00
Cash 250.00

15-Jun Wages Expense 325.00
Wages Payable 325.00

15-Jun Prepaid Insurance 750.00
Cash 750.00

20-Jun Wages Payable 325.00
Cash 325.00

21-Jun Repairs & Maintenance 210.00