Chart of Accounts
        Print this page to use for your journal entries. Only accounts on this page can be used.
        Asset Accounts        Liability Accounts        Equity Accounts
            Acct #        Acct #        Acct #
        Cash    101    Notes Payable    201    Common Stock    301
        Baking Supplies    102    Accounts Payable    202    Dividends    302
        Prepaid Rent    103    Wages Payable    203
        Prepaid Insurance    104    Interest Payable     204
        Baking Equipment    105
        Office Supplies    106
        Accounts Receivable    107
        Accumulated Depreciation    108
        Merchandise Inventory    109            Revenue Accounts
        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.                    Acct #
                        Bakery Sales    401
                        Merchandise Sales    402
                        Expense Accounts
                            Acct #
                        Baking Supplies Expense    501
                        Rent Expense    502
                        Insurance Expense    503
                        Misc. Expense    504
                        Business License Expense    505
                        Advertising Expense    506
                        Wages Expense    507
                        Telephone Expense    508
                        Interest Expense    509
                        Depreciation Expense    510
                        Office Supplies Expense    511
                        Cost of Goods Sold    512
July Journal Entries
        Peyton Approved
        General Journal Entries                     Put entries in shaded cells
        Jul-18
        Date    Accounts    Debit    Credit
        1-Jul    Cash    10,000.00
             Common Stock        10,000.00
        1-Jul    Baking supplies    6,500.00
            Accounts payable        6,500.00
        3-Jul    Cash    10,000.00
            Notes payable        10,000.00
        7-Jul    Rent expenses    1,500.00
            Prepaid rent    1,500.00
            Cash        3,000.00
        10-Jul    Business License Expense    375.00
            Cash        375.00
        11-Jul    Misc exp    250.00
            Cash        250.00
        13-Jul    Baking equipment    6,000.00
            Common stock        6,000.00
        13-Jul    Advertising Expense    200.00
            Cash        200.00
        14-Jul    Office supplies    300.00
            Cash        300.00
        30-Jul    Telephone expenses    75.00
            Accounts payable        75.00
        31-Jul    Prepaid insurance    2,400.00
            Cash        2,400.00
        31-Jul    Wages expenses    120.00
            Wages payable        120.00
        31-Jul    Cash    10,000.00
            Accounts receivables    5,000.00
            Bakery sales        15,000.00
            Total    54,220.00    54,220.00
August Journal Entries
        Peyton Approved
        General Journal Entries                     Put entries in shaded cells
        Aug-18
        Date    Accounts    Debit    Credit
        5-Aug    Wages payable     120.00
            Cash        120.00
        8-Aug    Cash    3,800.00
            Accounts receivables        3,800.00
        10-Aug    Accounts payable    75.00
            Cash        75.00
        15-Aug    Baking supplies    5,000.00
            Accounts payable        5,000.00
        15-Aug    Wages expenses    480.00
            Wages payable        480.00
        15-Aug    Rent expenses    1,500.00
            Cash        1,500.00
        18-Aug    Cash     3,000.00
            Accounts receivables        3,000.00
        20-Aug    Accounts payable    8,500.00
            Cash        8,500.00
        20-Aug    Wages payable    480.00
            Cash        480.00
        22-Aug    Office supplies    300.00
            Cash        300.00
        31-Aug    Telephone expenses    75.00
            Accounts payable        75.00
        31-Aug    Wages expenses    420.00
            Wages payable        420.00
        31-Aug    Cash    12,500.00
            Accounts receivables    7,500.00
            Bakery sales        20,000.00
            Total    43,750.00    $ 43,750.00
September Journal Entries
        Peyton Approved
        General Journal Entries                     Put entries in shaded cells
        Sep-18
        Date    Accounts    Debit    Credit
        1-Sep    Dividends    10,000.00
            Cash        10,000.00
        5-Sep    Wages payable    420.00
            Cash        420.00
        7-Sep    Merchandise Inventory (10 x $6)    60.00
             Cash        60.00
        8-Sep    Cash    4,000.00
            Accounts...