a) You open your own accounting firm and deposit $5,000 into a bank account. b) You file your LLC with the AZ Corp Commission and write a check for the $85 license fee. c) You go to Office Max and buy $1,500 of Office Equipment on account. d) You go to Walmart and buy $200 work of Office Supplies with cash. e) You pay $100 cash for advertising for your new company. f) You get your first job to clean up some books and collect $300 now. g) You tell your neighbor that you can do his taxes and he agrees with a handshake. h) Do some consulting work for a small company and bill them $400 to be collected next month. i) Pay $1200 now for 12 months of home security to keep client records safe. j) Pay a secretary $300 for part time work for the company. k) Withdraw $800 for personal use by writing yourself a check from the company account. Chart of Accounts Cash 101, A/R 105, Office supplies 110, Pre-paid Security 120, Office Equip 145, A/P 201, Capital, (your name) 301, Owner withdrawal 302, Accounting Revenue 401, License Fees Expense 502, Advertising Expense 508, Salary Expense 521.