CHART OF ACCOUNTS

Question 1

Cash
Notes Receivable

Answer 1

CURRENT ASSETS

Question 2

Accounts Receivable
Allowance for Bad Debts

Answer 2

CURRENT ASSETS

Question 3

Unused Supplies
Prepaid Advertising
Rental Receivable

Answer 3

CURRENT ASSETS

Question 4

Tools
Furniture & Fixtures

Answer 4

Noncurrent asset

Question 5

Accum. Depreciation-Furn. & Fix.
Office Equipment

Answer 5

Noncurrent asset

Question 6

Accum. Depreciation-Office Equipmt.
Repair Equipment

Answer 6

Noncurrent asset

Question 7

Accum. Depreciation-Repair Equipmt

Answer 7

Noncurrent asset

Question 8

Note Payable
Accounts Payable

Answer 8

Liabilities

Question 9

Light & Water Payable
Interest Payable

Answer 9

Liabilities

Question 10

Unearned Repair Income

Answer 10

Liabilities

Question 11

Loan Payable

Answer 11

Noncurrent liabilities

Question 12

D. Maputim Capital

D. Maputim Drawing

Income & Expense Summary

Answer 12

Owner’s equity

Question 13

Repair Income
Rental Income

Answer 13

INCOME

Question 14

Salaries Expense
Rent Expense

Answer 14

EXPENSES

Question 15

Supplies Expense
Light & Water Expense

Answer 15

EXPENSES

Question 16

Gas & Oil Expense
Communication Expense

Answer 16

EXPENSES

Question 17

Taxes & Licenses Expense
Advertising Expenses

Answer 17

EXPENSES

Question 18

Depreciation-Fum. & Fix.
Depreciation-Office Equipmt.

Answer 18

EXPENSES

Question 19

Depreciation-Repair Equipmt
Bad Debts Expense

Answer 19

EXPENSES

Question 20

Interest Expense

Answer 20

EXPENSES