Asset AccountsLiability Accounts Acct # Cash101 Notes Payable Baking Supplies102 Accounts Payable Prepaid Rent103 Wages Payable Prepaid Insurance104 Interest Payable Baking Equipment105 Office Supplies106 Accounts Receivable107 Accumulated Depreciation108 Merchandise Inventory109This 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.
Equity Accounts Acct #Acct # 201 Common Stock301 202 Dividends302 203 Cost of Goods Sold303 204 Revenue Accounts Acct # Bakery Sales401 Merchandise Sales402 Expense Accounts Acct # Baking Supplies Expense501 Rent Expense502 Insurance Expense503 Misc. Expense504 Business License Expense505 Advertising Expense506 Wages Expense507 Telephone Expense508 Interest Expense509 Depreciation Expense510 Office Supplies Expense511
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