CHART OF ACCOUNT

DATE ACCOUNT TITLE AND DESCRIPTION

001 Cash 2020
002 Accounts receivable JAN 01 Cash
003 Notes receivable TS, Capital
004 Supplies To record initial investment
005 Equipment
006 Accounts payable 3 Cash
007 TS, Capital Sales
008 TS, Drawing To record cash receipt from customer

DATE ACCOUNT TITLE AND DESCRIPTION

4 Supplies
Cash
To record purchased of supplies
 Account: CASH Account No.
PR DEBIT CREDIT DATE DESCRIPTION J.R. DEBIT CREDIT
2020
001 100 JAN 01 Initial investment J1 100
100 03 Sales J1 200
04 Supplies purchased J2 50

001 200
200

J1

PR DEBIT CREDIT
50
001 50

J2
 001
BALANCE
CHART OF ACCOUNT
100
300 001 Cash
250 002 Accounts receivable
003 Notes receivable
004 Supplies
005 Equipment
006 Accounts payable
007 TS, Capital
008 TS, Drawing
 May-01 24,000.00

MAY 2,000.00 Insurance expense

JUNE 2,000.00 Prepaid insurance
JULY 2,000.00
AUGUST 2,000.00
SEPTEMBER 2,000.00
OCTOBER 2,000.00
NOVEMBER 2,000.00
DECEMBER 2,000.00

Annual Depreciation 200,000.00 2013

5.00 JANUARY APRIL
FEBRUARY MAY
= 40,000.00 MARCH JUNE
JULY

2013 Depreciation expense 30,000.00

urance expense 16,000.00
Prepaid insurance 16,000.00

3,333.33 AUGUST 3,333.33

3,333.33 SEPTEMBER 3,333.33
3,333.33 OCTOBER 3,333.33
3,333.33 NOVEMBER 3,333.33
DECEMBER 3,333.33

30,000.00