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Chart of Accounts 1 0 0 Cash 1 0 5 Accounts Receivable ( All ) 1 1 0 Supplies 1 1 5 Furniture and Equipment

Chart of Accounts
100 Cash
105 Accounts Receivable (All)
110 Supplies
115 Furniture and Equipment
200 Accounts Payable (All)
205 Bank Loan
210 HST Payable
215 HST Recoverable
300 K. Goldberg, Capital
305 K. Goldberg, Drawings
400 Fees Earned
500 Utilities Expense
505 Bank Charges
510 Rent Expense
Transactions
March 1 Cheque #30, paid monthly rent of $900
March 2 Purchase Invoice #100, bought hair salon supplies on account from Johnsons for $340 plus HST
Sales Invoice #60, M. Swatakzy, performed a haircut for M. Swatazky on account for $35 plus HST
March 3 Bank Debit Memo from the bank for service charges of $35
Cheque #31, paid Samson Beauty Supplies $113 on account
March 4 $400 monthly automatic payment on the bank loan is transferred from the bank account
March 5 The owner withdrew $700 worth of the business furniture and took it home for his personal use
Purchase Invoice #100 from Union Energy for natural gas on account $170 plus HST
March 6 Owner deposited $400 in business bank account from personal funds (additional investment in the business)
March 7 Filed HST return to government for the month of February. Enclosed Cheque #32 for the remittance. (HST Payable Balance $1306.50)(HST Recoverable Balance $644.34)

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