Davis Consulting

Chart of Accounts

Assets

$100$ Cash

$110$ Accounts Receivable

$111$ Allowance for Bad Debt

$120$ Office Supplies

$130$ Software Inventory

$140$ Prepaid Rent

$150$ Equipment

$151$ Accumulated depreciation $--$ Equipment

$155$ Furniture

$156$ Accumulated Depreciation $--$ Furniture

Liabilities

$200$ Accounts Payable

$205$ Salaries Payable

$210$ Interest Payable

$215$ Unearned Revenue

$225$ Current Portion of Long$-$term liability

$250$ Long$-$Term Liabilities

Equity

$300$ Davis, Capital

$305$ Davis, Withdrawals

$310$ Common Stock

$311$ Additional Paid$-$In Capital$--$Common Stock

$315$ Preferred Stock

$316$ Additional Paid$-$In Capital$--$Preferred Stock

$320$ Retained Earnings

Revenue

$400$ Service Revenue

$405$ Sales Revenue

Expenses

$500$ Cost of Goods Sold

$505$ Salaries Expense

$510$ Office Supply Expense

$515$ Rent Expense

$520$ Utilities Expense

$525$ Depreciation Expense$--$Equipment

$530$ Depreciation Expense$--$Furniture

$535$ Bad Debt Expense

$540$ Bank Expense

$600$ Interest Income

$700$ Interest Expense

$800$ Income Summary