CHART OF ACCOUNTS Terrific Tutoring General Ledger ASSETS REVENUE 110 Cash 410 Sales 112 Accounts Receivable 113 Allowance for Uncollectible Accounts EXPENSES 115 inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation-Store Equipment LABILITES 210 Accounts Payable 211 Salaries Payable 212 Customers Refunds Payable 510 Cost of Goods Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellanequs Selling Expense 530 Office Salaries Expense 531 Rent Expense 532 Insurance Expense 539 Miscellaneous Administrative Expense 545 Bad Debt Expense 19 20 EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 24 25