Company Accounting Workbook

Asset Accounts Liability Accounts Equity Accounts Acct # Acct # Acct # Cash 101 Notes Payable 201 Owner's Capital 301 Accounts Receivable 102 Accounts Payable 202 Owner Draws 302 Prepaid Rent 103 Wages Payable 203 Prepaid Insurance 104 Office Supplies 105 Vehicle 106 Accumulated Depreciation (contra asset) 107 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 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.

A Company General Journal Entries Date Accounts Debit Credit 1-Jun Cash $50,000 Owner's Capital $50,000 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 and Maintenance 210.00 Cash 210.00 22-Jun Owner Draws 1,000.00 Cash 1,000.00 23-Jun Cash 1,000.00 Accounts Receivable 1,000.00 25-Jun Cash 800.00 Service Revenue 800.00 28-Jun Accounts Payable 750.00 Cash 750.00 29-Jun Accounts Receivable 2,225.00 Service Revenue 2,225.00 30-Jun Telephone Expense 155.00 Accounts Payable 155.00 30-Jun Wage Expense 325.00 Wage Payable 325.00 30-Jun Depreciation Expense 250.00 Accumulated Depreciation (contra asset) 250.00 Total 110,230.00 110,230.00