Sparky's Pet Shop Chart of Accounts Normal Account Name Type Balance Dr/Cr| Description Cash (checking) Asset Debit Cash, Savings Dogs for Sale Dogs that are for sale to customers Accounts Receivable Accounts Payable Owner's Capital Owner's Contribution Owner's Withdrawals Equity Debit Sales - Dogs Dogs bought by customers Sales - Store Items Items such as pet food, collars and bedding, bought by customers Interest Income Money earned by Sparky's from the savings accounts Cost of Dogs Cost of dogs purchased by Sparky's Pet Food, Treats Cost of pet food and treats purchased by Sparky's Collars, small items Cost of collars and other small items purchased by Sparky's Bedding Expense Debit Cost of bedding purchased by Sparky's Hygiene Supplies Cost of pet hygiene supplies purchase by Sparky's Payroll Money paid by Sparky's to it's employee Rent Utilities Janitorial Services Accounting Services Interest Charges Money paid by Sparky's on loans and other accounts payableSparky's Pet Shop Trial Balance - Pre-Closing End of Month Account Name Debit Credit Cash Cash, Savings Dogs for Sale Accounts Receivable Accounts Payable Owner's Capital Owner's Contribution 500 Owner's Withdrawals 1,500 Sales - Dogs Sales - Store Items Interest Income Cost of Dogs Pet Food, Treats Collars; small items Bedding Hygiene Supplies Payroll Rent Utilities Janitorial Services Accounting Services Interest Charges $ 1,500 500Sparky's Pet Shop Income Statement - End of Month Revenue: Sales- Dogs 5 - Sales-Store Items 0 Interest Income 0 Total Revenue Expenses: Cost of Dogs 5 - Pet Food, Treats 0 Collars; small items 0 Bedding 0 Hygiene Supplies 0 Payroll 0 Rent 0 Utilities 0 Janitorial Services 0 Accounting Services 0 Interest Charges 0 Total Expenses You have to fill in the gray cells. Note: The Income Statement for Sparky's was simplified to only show categories for Revenues and Expenses. The Expenses include cost of goods, as well as all other expenses. Sparky's Pet Shop Balance Sheet - End of Month Assets: You have to fill in the gray Current Assets cells. Cash $ Cash, Savings O Dogs for Sale Accounts Receivable O LO Total Assets Liabilities: Current Liabilities 14 Accounts Payable 0 15 6 Total Liabilities $ Stockholders' Equity: 19 Owner's Capital - Beginning of Month O Net Income 0 Owner's Contribution 500 Owner's Withdrawals (1,500) Total Equity 25 6 27 Total Liabilities + Equity