Question
Aubrey D. Graham, a sucessful dancer and entrepreneur, began a business called VOV Clothing Inc. His chart of accounts are shown below. VOV Clothing
Aubrey D. Graham, a sucessful dancer and entrepreneur, began a business called VOV Clothing Inc. His chart of accounts are shown below. VOV Clothing Inc. CHART OF ACCOUNTS 101 Bank 301 111 A/R - T.Scott 302 113 A/R-N. Minaj 401 115 A/R-B. Cardi 505 120 Supplies 510 125 Equipment 515 A.Graham, Capital A.Graham, Drawings Sales Revenue Automobile Expense Bank Charges Expense General Expense 130 Automobiles 520 Rent Expense 201 Bank Loan 525 Telephone Expense 211 AP-Downtown Textiles 530 Wages Expense 213 A/P- Quick Garage 220 HST Payable 225 HST Recoverable His beginning financial position is shown on the balance sheet below. VOV Clothing Inc. BALANCE SHEET March 31, 2020 Assets Liabilities Bank $ 7,825.00 HST Payable $ 1,450 Supplies 1,450 HST Recoverable (625) Equipment 14,732 Bank Loan 25000 Automobiles 28,957 Total Liabilities $ 25,825 Instructions Owner's Equity Transactions-April General Journal Ledger 4 Trial Balance Inc
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