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CHART OF ACCOUNTS
Thomson Co.
General Ledger
ASSETS
110
Cash
111
Petty Cash
121
Accounts Receivable
122
Allowance for Doubtful Accounts
126
Interest Receivable
127
Notes Receivable
131
Merchandise Inventory
141
Office Supplies
142
Store Supplies
151
Prepaid Insurance
191
Land
192
Store Equipment
193
Accumulated Depreciation-Store Equipment
194
Office Equipment
195
Accumulated Depreciation-Office Equipment
LIABILITIES
210
Accounts Payable
221
Salaries Payable
231
Sales Tax Payable
232
Interest Payable
241
Notes Payable
251
Bonds Payable
252
Discount on Bonds Payable...
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CHART OF ACCOUNTS
Herrera Corporation
General Ledger
ASSETS
110
Cash
111
Petty Cash
120
Accounts Receivable
121
Allowance for Doubtful Accounts
131
Notes Receivable
132
Interest Receivable
141
Merchandise Inventory
145
Office Supplies
146
Store Supplies
151
Prepaid Insurance
161
Investment in Tran Corp. Stock
165
Valuation Allowance for Trading Investments
166
Valuation Allowance for Available-for-Sale Investments
181
Land
191
Store Equipment
192
Accumulated Depreciation-Store Equipment
193
Office Equipment
194
Accumulated Depreciation-Office Equipment
LIABILITIES
210
Accounts Payable
221
Notes Payable...
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Prior to adjustment at the end of the year, the balance in
Trucks is $302,210 and the balance in Accumulated
Depreciation—Trucks is $100,920. Details of the subsidiary ledger
are as follows:
Estimated
Accumulated Depreciation at
Miles Operated
Truck No.
Cost
Residual Value
Useful Life
Beginning of Year
During Year
1
$83,960
$15,360
245,000 miles
—
20,600 miles
2
51,050
5,930
300,800 miles
$14,700
33,800 miles
3
77,486
12,910
201,800 miles
62,180
8,100 miles
4
89,714
22,010
241,800 miles
24,040
22,500...
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QUESTION 16 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
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QUESTION 15 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
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QUESTIONS 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods Sold...
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QUESTION 9 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
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QUESTION 17 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
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QUESTION 19 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
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QUESTION 2 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
CHART OF ACCOUNTS
Thomson Co.
General Ledger
ASSETS
110
Cash
111
Petty Cash
121
Accounts Receivable
122
Allowance for Doubtful Accounts
126
Interest Receivable
127
Notes Receivable
131
Merchandise Inventory
141
Office Supplies
142
Store Supplies
151
Prepaid Insurance
191
Land
192
Store Equipment
193
Accumulated Depreciation-Store Equipment
194
Office Equipment
195
Accumulated Depreciation-Office Equipment
LIABILITIES
210
Accounts Payable
221
Salaries Payable
231
Sales Tax Payable
232
Interest Payable
241
Notes Payable
251
Bonds Payable
252
Discount on Bonds Payable...
CHART OF ACCOUNTS
Herrera Corporation
General Ledger
ASSETS
110
Cash
111
Petty Cash
120
Accounts Receivable
121
Allowance for Doubtful Accounts
131
Notes Receivable
132
Interest Receivable
141
Merchandise Inventory
145
Office Supplies
146
Store Supplies
151
Prepaid Insurance
161
Investment in Tran Corp. Stock
165
Valuation Allowance for Trading Investments
166
Valuation Allowance for Available-for-Sale Investments
181
Land
191
Store Equipment
192
Accumulated Depreciation-Store Equipment
193
Office Equipment
194
Accumulated Depreciation-Office Equipment
LIABILITIES
210
Accounts Payable
221
Notes Payable...
QUESTION 16 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
QUESTION 15 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
QUESTIONS 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods Sold...
QUESTION 9 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
QUESTION 17 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
QUESTION 19 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...
QUESTION 2 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...