Tom's Wear Inc. Chart of Accounts Assets (100 - 199) Current Assets 101 Cash 111 Accounts Receivable 113 Inventory Long Term Assets (150 - 189) 151 Land 153 Building 171 Furniture Liabilities (200 - 299) Current Liabilities (200 - 249) 201 Accounts Payable 210 Notes Payable Long Term Liabilities (250-299) Capital (Stockholder's Equity) ( 300 - 399) 301 Capital Stock 312 Retained Earnings 320 Dividends Revenues (400 - 499) 423 Sales Revenue 424 Interest Revenue Expenses (500 -949) 616 Advertising Expense 721 Cost of Goods Sold 724 Interest Expense Tom's Wear Inc. Chart of Accounts Assets (100 - 199) Current Assets 101 Cash 111 Accounts Receivable 113 Inventory Long Term Assets (150 - 189) 151 Land 153 Building 171 Furniture Liabilities (200 - 299) Current Liabilities (200 - 249) 201 Accounts Payable 210 Notes Payable Long Term Liabilities (250-299) Capital (Stockholder's Equity) ( 300 - 399) 301 Capital Stock 312 Retained Earnings 320 Dividends Revenues (400 - 499) 423 Sales Revenue 424 Interest Revenue Expenses (500 -949) 616 Advertising Expense 721 Cost of Goods Sold 724 Interest Expense