whand to be on ding purposes December Arte JU la. Elation EMR Netflix, eBook Show Me How Calculator CHART OF ACCOUNTS Balboa Co. General Ledger REVENUE 410 Sales 610 Rent Ravenue 110 Cash 120 Accounts Receivable 125 Notas Recalvable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 501 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Showcase Co. 218 Sales Tax Payable 219 Customer Refunds Payable 220 Unearned Rent 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary All work saved. related transactions Chart of Accounts Journal Instructions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $252,050, terms 1/30. The cost of the goods sold is $155,940. Showcase Issues credit memo for $31,950 for merchandise returned prior to Balboa paying the original invoice. The cost of the merchandise returned is $18,330. Journakre Balboa Co.'s entries for (a) the purchase, (b) the return of the merchandise for credit, and (c) the payment of the invoice. Refer to the Chart of Accounts for exact wording of accounties Previous Next