Chart of Accounts ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 112 Accounts Receivable 620 Gain on Sale of Delivery Truck 114 Interest Receivable 621 Gain on Sale of Equipment 115 Notes Receivable 116 Merchandise Inventory EXPENSES 117 Supplies 510 Cost of Merchandise Sold 520 Salaries Expense 119 Prepaid Insurance 120 Land 521 Advertising Expense 123 Delivery Truck 522 Depreciation Expense-Delivery Truck 523 Delivery Expense 124 Accumulated Depreciation-Delivery Truck 125 Equipment 525 Truck Repair and Maintenance Expense 126 Accumulated Depreciation-Equipment 529 Selling Expenses 130 Mineral Rights 531 Rent Expense 131 Accumulated Depletion 532 Depreciation Expense-Equipment 132 Goodwill 533 Depletion Expense 534 Amortization Expense-Patents 133 Patents 535 Insurance Expense 536 Supplies Expense LIABILITIES 210 Accounts Payable 539 Miscellaneous Expense 211 Salaries Payable 710 Interest Expense 213 Sales Tax Payable 720 Loss on Sale of Delivery Truck 214 Interest Payable 721 Loss on Sale of Equipment 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Journal PAGE 1 ACCOUNTING EQUATION JOURNAL POST. REF. CREDIT ASSETS LIABILITIES EQUITY DATE DESCRIPTION DEBIT 3 4 Adjusting Entries 5 6 7 Journalize the Year 2 transactions and adjusting entries on Page 2 PAGE 2 JOURNAL ACCOUNTING EQUATION POST. REF ASSETS LIABILITIES EQUITY DATE DESCRIPTION DEBIT CREDIT 1 5 7 10 11 Adjusting Entries 12 13 Journal Journalize the Year 3 transactions and adjusting entries on Page 3. PAGE 3 ACCOUNTING EQUATION JOURNAL POST. REF LIABILITIES DATE DESCRIPTION DEBIT CREDIT ASSETS EQUITY 1 2 4 8 Adjusting Entries 9 10 11