fatatich CHART OF ACCOUNTS Gillooly Co. General Ledger ASSETS 110Cash 111 Petty Cash 120 Accounts Receivable 121 Allowance for Doubtrul Accounts 131 Notes Receivable 132 interest Receivable 141 Merchandise Inventory 145 Otice Suppies REVENUE 410 Sales 611 interest Revenue 612 Dividend Revenue 631 Gan on Sale of investment: 641 Unrealzed Gain on Trading Investments EXPENSES 511 Cost of Merchandise Soid Instructions Chart of Accounts sournat Chart of Accounts 145 Office Supplies 146 Store Supplies 151. Prepaid insurance 161 investments-Lumpkin County Bonds 165 Valuation Allowance for Trading investments 166 Valuation Allowance for Available-for-Sale investments 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Orice Equipment 194 Accumulated Depreciation-Ofice Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 511 Cost of Merchandise Sold 512 Bad Debt Expense 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Seling Expensos 535 Rent Expense 536 Insurance Expense 537 Oflice Supplies Expense 538 Store Supplies Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equoment Instructions Chart of Accounts fournat Chart of Accounts 192 Accumulated Depreciation-Store Equipment 193 Office Equpment 194 Accumulated Depreciation-Ottice Equipment LIABILITIES 210 Accounts Payable 221 Notes Paryable 231 interest Payable 241 Salanes Payable 251 Sales Tax Payable EQUITY 311 Common Stock 312 Paid-in Copital in Excess of Par-Common Stock 321 Preferted Stock 534 Sellng Expenses 535 Rent Expense 536 insurance Expense 537 Ofice Supples Expense 538 store Supples Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Oftice Equipment 590 Miscellaneous Experse 710 interest Expense 731 Loss on Sale of investments 741 Untealized Loss on Trading investments Chart of Accounts 251 Sales Tax Payable EQUITY 311 Common Stock 312. Paid-In Captaf in Excess of Par-Common Stock 321 Preferred Stock 322. Paid-in Capital in Excess of Pat-Preferred Stock 331 Treasury Stock 332 Paid-in Capital trom Sale of Treasury Stock 340 Retaned Earnmos 350 Unrealized Gain (Loss) on Available-tor-Sale investments 351 Cash Dividends 352 Stock Dividends 731 Los5 on Sale of investments 741 Unrealized Loss on Trading investments Gilooly Co. purchased \$117,000 of 9\%,20-year Lumpkin County bonds on May 11, Year 1, directly from the county, at their face amount puss accrued interest. The bonds pay semiannual interest on Apal 1 and October 1 On october 31. Year 1, Gilooly Co. sold $30,000 of the Lumpkin County bonds at 96 phus $225 accrued interest less a $110 brokerage commission. Required: Journalice the enthes to yecord the following a. The purchase or the bonds on May 11 plus 40 days of accrued interest. b Semannual inerest on October f:. c. Sale of the bonds on October 31 . d Adjusting entry for accued interest on December 31 , Year 1 . e. The receipt of the face value of the cemaring bonas at their matunty on April, Year 20 . Fefer to the chart of accounts for the exact wording of the account tities CNowjoumals do not use lhes for joumal explanations Eveor line on a jouma page is ubed for debit or credit enthes CNOWjoumass wer automabcaly indent a credit entry when a credit amount is entered Assume a 360-day yeor Do nor round your intermediare calculavions and round final answers to the nearest dollar. Jourmalize entrios to record the transactions. Pefer to the chart of accounts for the exact wording of the account tites. CNOWjouenais do not use dines for explanations. Every lime on a jumal page is esed for debit or credit entres. CNow joumais will automaticaily indent a credit entry when a credit amount a 360-day year Do not round your intermediate calculations and round final answers to the nearest dollar. fatatich CHART OF ACCOUNTS Gillooly Co. General Ledger ASSETS 110Cash 111 Petty Cash 120 Accounts Receivable 121 Allowance for Doubtrul Accounts 131 Notes Receivable 132 interest Receivable 141 Merchandise Inventory 145 Otice Suppies REVENUE 410 Sales 611 interest Revenue 612 Dividend Revenue 631 Gan on Sale of investment: 641 Unrealzed Gain on Trading Investments EXPENSES 511 Cost of Merchandise Soid Instructions Chart of Accounts sournat Chart of Accounts 145 Office Supplies 146 Store Supplies 151. Prepaid insurance 161 investments-Lumpkin County Bonds 165 Valuation Allowance for Trading investments 166 Valuation Allowance for Available-for-Sale investments 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Orice Equipment 194 Accumulated Depreciation-Ofice Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 511 Cost of Merchandise Sold 512 Bad Debt Expense 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Seling Expensos 535 Rent Expense 536 Insurance Expense 537 Oflice Supplies Expense 538 Store Supplies Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equoment Instructions Chart of Accounts fournat Chart of Accounts 192 Accumulated Depreciation-Store Equipment 193 Office Equpment 194 Accumulated Depreciation-Ottice Equipment LIABILITIES 210 Accounts Payable 221 Notes Paryable 231 interest Payable 241 Salanes Payable 251 Sales Tax Payable EQUITY 311 Common Stock 312 Paid-in Copital in Excess of Par-Common Stock 321 Preferted Stock 534 Sellng Expenses 535 Rent Expense 536 insurance Expense 537 Ofice Supples Expense 538 store Supples Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Oftice Equipment 590 Miscellaneous Experse 710 interest Expense 731 Loss on Sale of investments 741 Untealized Loss on Trading investments Chart of Accounts 251 Sales Tax Payable EQUITY 311 Common Stock 312. Paid-In Captaf in Excess of Par-Common Stock 321 Preferred Stock 322. Paid-in Capital in Excess of Pat-Preferred Stock 331 Treasury Stock 332 Paid-in Capital trom Sale of Treasury Stock 340 Retaned Earnmos 350 Unrealized Gain (Loss) on Available-tor-Sale investments 351 Cash Dividends 352 Stock Dividends 731 Los5 on Sale of investments 741 Unrealized Loss on Trading investments Gilooly Co. purchased \$117,000 of 9\%,20-year Lumpkin County bonds on May 11, Year 1, directly from the county, at their face amount puss accrued interest. The bonds pay semiannual interest on Apal 1 and October 1 On october 31. Year 1, Gilooly Co. sold $30,000 of the Lumpkin County bonds at 96 phus $225 accrued interest less a $110 brokerage commission. Required: Journalice the enthes to yecord the following a. The purchase or the bonds on May 11 plus 40 days of accrued interest. b Semannual inerest on October f:. c. Sale of the bonds on October 31 . d Adjusting entry for accued interest on December 31 , Year 1 . e. The receipt of the face value of the cemaring bonas at their matunty on April, Year 20 . Fefer to the chart of accounts for the exact wording of the account tities CNowjoumals do not use lhes for joumal explanations Eveor line on a jouma page is ubed for debit or credit enthes CNOWjoumass wer automabcaly indent a credit entry when a credit amount is entered Assume a 360-day yeor Do nor round your intermediare calculavions and round final answers to the nearest dollar. Jourmalize entrios to record the transactions. Pefer to the chart of accounts for the exact wording of the account tites. CNOWjouenais do not use dines for explanations. Every lime on a jumal page is esed for debit or credit entres. CNow joumais will automaticaily indent a credit entry when a credit amount a 360-day year Do not round your intermediate calculations and round final answers to the nearest dollar