Chart of Accounts

Following is a typical chart of accounts, which is used in several assignments. Every company has its own unique accounts and numbering system.

Assets
Current Assets
101 102 103 104 105 106 107 108 109 110 111 119 120 121 124 125 126 128 129 131 132 133 134 135 Cash Petty cash Cash equivalents Short-term investments Fair value adjustment, _______ securities (S-T) Accounts receivable Allowance for doubtful accounts Legal fees receivable Interest receivable Rent receivable Notes receivable Merchandise inventory __________ inventory __________ inventory Office supplies Store supplies _______ supplies Prepaid insurance Prepaid interest Prepaid rent Raw materials inventory Goods in process inventory, _______ Goods in process inventory, _______ Finished goods inventory

166 Accumulated depreciation Store equipment 167 _______ equipment 168 Accumulated depreciation _______ equipment 169 Machinery 170 Accumulated depreciation Machinery 173 Building _______ 174 Accumulated depreciation Building _______ 175 Building _______ 176 Accumulated depreciation Building _______ 179 Land improvements _______ 180 Accumulated depreciation Land improvements _______ 181 Land improvements _______ 182 Accumulated depreciation Land improvements _______ 183 Land

222 223 224 225 226

Employee retirement program payable Employee union dues payable Federal unemployment taxes payable FICA taxes payable Estimated vacation pay liability

Unearned Revenues
230 231 232 233 234 235 236 238 Unearned consulting fees Unearned legal fees Unearned property management fees Unearned _______ fees Unearned _______ fees Unearned janitorial revenue Unearned _______ revenue Unearned rent

Natural Resources
185 Mineral deposit 186 Accumulated depletion Mineral deposit

Notes Payable
240 241 245 251 252 Short-term notes payable Discount on short-term notes payable Notes payable Long-term notes payable Discount on long-term notes payable

Intangible Assets
191 192 193 194 195 196 197 Patents Leasehold Franchise Copyrights Leasehold improvements Licenses Accumulated amortization _______

Long-Term Liabilities
253 255 256 257 258 Long-term lease liability Bonds payable Discount on bonds payable Premium on bonds payable Deferred income tax liability

Long-Term Investments
141 142 144 145 Long-term investments Fair value adjustment, _______ securities (L-T) Investment in _______ Bond sinking fund

Liabilities
Current Liabilities
201 202 203 204 207 208 209 210 211 214 215 216 217 218 219 221 Accounts payable Insurance payable Interest payable Legal fees payable Office salaries payable Rent payable Salaries payable Wages payable Accrued payroll payable Estimated warranty liability Income taxes payable Common dividend payable Preferred dividend payable State unemployment taxes payable Employee federal income taxes payable Employee medical insurance payable

Plant Assets
151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 Automobiles Accumulated depreciation Automobiles Trucks Accumulated depreciation Trucks Boats Accumulated depreciation Boats Professional library Accumulated depreciation Professional library Law library Accumulated depreciation Law library Furniture Accumulated depreciation Furniture Office equipment Accumulated depreciation Office equipment Store equipment

Equity
Owners Equity
301 302 303 304 305 306 ______________, Capital ______________, Withdrawals ______________, Capital ______________, Withdrawals ______________, Capital ______________, Withdrawals

Paid-In Capital
307 308 309 310 311 Common stock, $ _______ par value Common stock, no-par value Common stock, $ _______ stated value Common stock dividend distributable Paid-in capital in excess of par value, Common stock

CA

Chart of Accounts
312 Paid-in capital in excess of stated value, No-par common stock 313 Paid-in capital from retirement of common stock 314 Paid-in capital, Treasury stock 315 Preferred stock 316 Paid-in capital in excess of par value, Preferred stock

CA-1

Standard Cost Variance

580 581 582 583 584 585 Direct material quantity variance Direct material price variance Direct labor quantity variance Direct labor price variance Factory overhead volume variance Factory overhead controllable variance

Miscellaneous Expenses
655 656 657 658 659 661 662 663 664 667 668 671 672 673 674 676 677 678 679 680 681 682 683 684 685 687 688 689 690 691 695 Advertising expense Bad debts expense Blueprinting expense Boat expense Collection expense Concessions expense Credit card expense Delivery expense Dumping expense Equipment expense Food and drinks expense Gas and oil expense General and administrative expense Janitorial expense Legal fees expense Mileage expense Miscellaneous expenses Mower and tools expense Operating expense Organization expense Permits expense Postage expense Property taxes expense Repairs expense _______ Repairs expense _______ Selling expense Telephone expense Travel and entertainment expense Utilities expense Warranty expense Income taxes expense

Retained Earnings
318 Retained earnings 319 Cash dividends (or Dividends) 320 Stock dividends

Expenses
Amortization, Depletion, and Depreciation
601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 Amortization expense _______ Amortization expense _______ Depletion expense _______ Depreciation expense Boats Depreciation expense Automobiles Depreciation expense Building _______ Depreciation expense Building _______ Depreciation expense Land improvements _______ Depreciation expense Land improvements _______ Depreciation expense Law library Depreciation expense Trucks Depreciation expense _______ equipment Depreciation expense _______ equipment Depreciation expense _______ Depreciation expense _______

Other Equity Accounts

321 Treasury stock, Common 322 Unrealized gain Equity 323 Unrealized loss Equity

Revenues
401 402 403 404 405 406 407 408 409 410 413 414 415 ______________ fees earned ______________ fees earned ______________ services revenue ______________ services revenue Commissions earned Rent revenue (or Rent earned) Dividends revenue (or Dividend earned) Earnings from investment in _______ Interest revenue (or Interest earned) Sinking fund earnings Sales Sales returns and allowances Sales discounts

Employee-Related Expenses
620 621 622 623 624 625 Office salaries expense Sales salaries expense Salaries expense _______ wages expense Employees benefits expense Payroll taxes expense

Gains and Losses

701 702 703 704 705 706 801 802 803 804 805 806 807 808 809 810 811 812 Gain on retirement of bonds Gain on sale of machinery Gain on sale of investments Gain on sale of trucks Gain on _______ Foreign exchange gain or loss Loss on disposal of machinery Loss on exchange of equipment Loss on exchange of _______ Loss on sale of notes Loss on retirement of bonds Loss on sale of investments Loss on sale of machinery Loss on _______ Unrealized gain Income Unrealized loss Income Impairment gain Impairment loss

Cost of Sales
Cost of Goods Sold
502 505 506 507 508 Cost of goods sold Purchases Purchases returns and allowances Purchases discounts Transportation-in

Financial Expenses
630 631 632 633 Cash over and short Discounts lost Factoring fee expense Interest expense

Manufacturing
520 521 530 531 540 541 542 543 544 545 546 547 548 549 550 551 552 560 561 Raw materials purchases Freight-in on raw materials Factory payroll Direct labor Factory overhead Indirect materials Indirect labor Factory insurance expired Factory supervision Factory supplies used Factory utilities Miscellaneous production costs Property taxes on factory building Property taxes on factory equipment Rent on factory building Repairs, factory equipment Small tools written off Depreciation of factory equipment Depreciation of factory building

Insurance Expenses
635 Insurance expense Delivery equipment 636 Insurance expense Office equipment 637 Insurance expense _______

Rental Expenses
640 641 642 643 644 645 Rent expense Rent expense Office space Rent expense Selling space Press rental expense Truck rental expense _______ rental expense

Clearing Accounts
901 Income summary 902 Manufacturing summary

Supplies Expenses
650 651 652 653 Office supplies expense Store supplies expense _______ supplies expense _______ supplies expense