AIS_1 - VIKRANT SANGAR Advanced Farmers Insurance Company...

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VIKRANT SANGAR Advanced Farmers' Insurance Company Chart of Accounts Account # Account name 100 Cash 101 Accounts Recievable 102 Notes Recievable 103 Supplies 104 Prepaid Expenses 105 Current Assets 106 Equipment 107 Land 108 Builing 109 Long term Assets 201 Accounts payable 202 Notes Payable 203 Unearned Revenue 204 Accrued Expenses 205 Salaries Payable 206 Income Tax Payable 301 Common Stock 302 Retained Earnings 400 Revenue 401 Interest Revenue 500 COGS 501 Raw Material Purchase 600 Salaries Expense 601 Advertising Expense 602 Interest Expense 603 Depreciation Expense 604 S,G &A Expense
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Account DATE Debit Debit Credit 100 1-Jan Cash $2,000 301 Common Stock $2,000 101 4 Accounts Recievable $450,000 400 Revenue $450,000 107 6 Land $75,000 202 Notes Payable $75,000 106 8 Equipment $700 100 Cash $700 100 10 Cash $5,600 203 Unearned Revenue $5,600 102 12 Notes Recievable $9,500 100 Cash $9,500 104 13 Prepaid Expenses $6,000 100 Cash $6,000 100
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  • Spring '08
  • Harmon
  • Generally Accepted Accounting Principles, Expense Depreciation Expense, Recievable Revenue, Salaries Payable Income, Payable Income Tax, Depreciation Expense S,G

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AIS_1 - VIKRANT SANGAR Advanced Farmers Insurance Company...

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