My Name Trading

Chart of Accounts
No Account Title No Account Title
Assets Revenues
100 Cash in bank 400 Sales
101 Petty Cash 401 Sales Discounts
110 Notes Receivable 402 Sales Returns and Allowances
111 Interest Receivable 410 Interest Income
112 Accounts Receivable
113 Allowance for Uncollectible Cost
Accounts
120 Merchandise Inventory 500 Purchases
130 Supplies 501 Transportation-In
140 Prepaid Insurance 502 Purchases Discounts
141 Prepaid Rent 503 Purchases Returns and Allowances
150 Furniture and Fixtures 504 Cost of Sales
151 Accumulated Depreciation – Expenses
Furniture and Fixtures
152 Equipment 600 Advertising Expense
153 Accumulated Depreciation – 601 Supplies Expense
Equipment
154 Service Vehicle 602 Insurance Expense
155 Accumulated Depreciation – 603 Rent Expense
Service Vehicle
160 Rent Deposit 604 Utilities Expense
161 Utilities Deposit 605 Repairs and Maintenance Expense
610 Salaries Expense
Liabilities 611 SSS and EC Contribution Expense
200 Notes Payable 612 Philhealth Contribution Expense
201 Interest Payable 613 Pag-ibig contribution Expense
202 Accounts Payable 620 Uncollectible Accounts Expense
210 Salaries Payable 630 Depreciation Expense- F & F
211 SSS and EC Contribution Payable 631 Depreciation Expense – Equipment
212 Philhealth Contribution Payable 632 Depreciation Expense- Service
Vehicle
213 Pag-ibig Contribution Payable 640 Miscellaneous Expense
214 Withholding Taxes Payable 650 Interest Expense

Owner’s Equity
300 Your Surname, Capital
301 Your Surname, Withdrawal
310 Retained Earnings – (for Xero
Accounting)