Chart of Accounts CHART OF ACCOUNTS Throwback Industries Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 Interest Revenue 112 Interest Receivable EXPENSES 113 Notes Receivable 115 Merchandise Inventory 510 Cost of Merchandise Sold 116 Supplies 520 Office Salaries Expense 118 Prepaid Insurance 521 Sales Salaries Expense 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 126 Accumulated Depreciation Office Equipment LIABILITIES 524 Depreciation Expense-Building 525 Delivery Expense 526 Repairs Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Supplies Expense 535 Payroll Tax Expense 538 Cash Short and Over 539 Product Warranty Expense 540 Miscellaneous Expense 710 Interest Expense 210 Accounts Payable 213 Interest Payable 214 Notes Payable 215 Salaries Payable 216 Social Security Tax Payable 217 Medicare Tax Payable 218 Employees Federal Income Tax Payable 221 Retirement Savings Deductions Payable 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable EQUITY 310 Owner, Capital 311 Owner, Drawing Journal 2. Journalize the entry to record the payroll for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when credit amount is entered. If required, round your answers to two decimal places. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Dec. 9 Sales Salaries Expense 19,434.00 + 2 Office Salaries Expense 3,800.00 3 Social Security Tax Payable 1,394.04 4 Medicare Tax Payable 348.51 5 Employees Federal Income Tax Payable 4,925.77 6 Retirement Savings Deductions Payable 7 Salaries Payable