CITY LAUNDRY

Chart of Account

ASSETS LIABILITIES
Account Code Account Name Account Code Account Name

100 Cash 200 Accounts Payable

101 Supplies
102 Prepaid Insurance
103 Laundry Equipment
104 Furniture & Fixtures LIABILITIES
Account Code Account Name

300 Sunglao, Capital

301 Sunglao, Withdrawals

EXPENSE INCOME (REVENUE)

Account Code Account Name Account Code Account Name

500 Salaries Expense 400 Laundry Income

501 Rent Expense
502 Utilities Expense
503 Miscellaneous Expense
 DATE
DESCRIPTION PR DEBIT
2018
Oct. 1 Cash 192,000.00
Sunglao, Capital
To record initial investment of owner.

3 Furniture & Fixtures 12,960.00

Cash
To record purchased of tables and chairs
in cash.

4 Rent Expense 6,950.00

Cash
To record payment of rent for the month

5 Laundry Equipment 163,000.00

Cash
Accounts Payable
To record purchase of washers and dryers
in cash and on account.

6 Supplies 5,190.00
Accounts Payable
To record purchase of washing supplies
from Gadia Distributor on accouunt.

9 Cash 17,960.00
Laundry Income
To record payment from customer for
service rendered.

14 Prepaid Insurance 2,140.00

Cash
To record payment of one-year insurance
policy.

17 Utilities Expense 1,940.00

Cash
To record payment of electric bill.

21 Accounts Payable 1,230.00

Cash
To record payment of supplies on account
last October 6.
24 Cash 27,920.00
Laundry Income
To record payment from customer for
service rendered.

26 Salaries Expense 10,350.00

Cash
To record payment of employees salaries

29 Sunglao, Withdrawals 9,500.00

Cash
To record personal withdrawal of owner.
CREDIT

192,000.00

12,960.00

6,950.00

32,000.00
131,000.00

5,190.00

17,960.00

2,140.00

1,940.00

1,230.00
27,920.00

10,350.00

9,500.00
 CASH (100)
DEBIT CREDIT
01/01/18 192,000.00
12,960.00 01/03/18
6,950.00 01/04/18
32,000.00 01/05/18
01/09/18 17,960.00
2,140.00 01/14/18
1,940.00 01/17/18
1,230.00 01/21/18
01/24/18 27,920.00
10,350.00 01/26/18
9,500.00 01/29/18
237,880.00 77,070.00
160,810.00

CASH (100)
DEBIT CREDIT
01/01/18 -
- 01/03/18
- 01/04/18
32,000.00 01/05/18
01/09/18 17,960.00
- 01/14/18
- 01/17/18
- 01/21/18
01/24/18 -
- 01/26/18
- 01/29/18
17,960.00 32,000.00
- 14,040.00