Basswood Furniture Chart of Accounts Number Title 100 Cash—Business Checking 107 Petty Cash 110 Accounts Receivable 120 Merchandise Inventory 125 Office Supplies Inventory 140 Prepaid Rent 170 Vehicles 170.1 Accumulated Depreciation—Vehicles 180 Equipment 180.1 Accumulated Depreciation—Equipment 185 Office Furniture and Equipment 185.1 Accumulated Depreciation—Office Furniture and Equipment 200 Accounts Payable 210 Payroll Payable 211 Federal Income Tax Payable 212 Social Security Tax Payable 213 Medicare Tax Payable 214 State Income Tax Payable 215 City Income Tax Payable 221 FUTA Tax Payable 222 SUTA Tax Payable 230 Sales Tax Payable 300 Ian Smith, Capital 300.1 Ian Smith, Drawing 401 Sales Revenue 401.1 Sales Returns and Allowances 401.2 Sales Discounts 500 COGS—Cost of Goods Sold 505 Purchases 505.1 Purchase Returns and Allowances 505.2 Purchase Discounts 510 Payroll Expense 515 Payroll Tax Expense 520 Advertising Expense 525 Rent Expense 530 Office Supplies Expense 535 Telephone Expense 540 Utilities Expense 550 Supplies Expense 560 Miscellaneous Expense 570 Depreciation Expense 580 Cash Short and Over 590 Expense and Revenue Summary Date December 20XX Description 1 Supplies Expense Accounts Payable 1 Supplies Expense Accounts Payable 1 Cash—Business Checking Accounts Receivable 2 Cash—Business Checking Accounts Receivable 5 Cash—Business Checking Accounts Receivable Sales Revenue 5 Cash—Business Checking Accounts Receivable 5 Accounts Receivable ...
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