CHART OF ACCOUNTS

Royston Realty

General Ledger

	ASSETS
111	Cash
121	Accounts Receivable
141	Inventory
152	Prepaid Insurance
154	Supplies
174	Equipment
179	Accumulated Depreciation

	LIABILITIES
211	Accounts Payable
231	Salaries and Wages Payable
235	Notes Payable
261	Income Taxes Payable

	EQUITY
311	Capital Stock
331	Retained Earnings
339	Income Summary

	REVENUE
411	Commissions Revenue

	EXPENSES
525	Travel and Entertainment
535	Advertising Expense
537	Office Supplies Used
540	Insurance Expired
541	Depreciation on Computer
554	Computer Line Charge
559	Real Estate Board Fees Paid
910	Car Expenses

assignments &takeAssignmentSessionLocator-assignment-take ies are necessary and when they should be recorded at are made to close out the he purpo so that the acc es is to return the for permanent