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you will create T-Accounts based on the transactions from the prior week. . Please use the account names and codes from the Small Business Chart

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedyou will create T-Accounts based on the transactions from the prior week. . Please use the account names and codes from the Small Business Chart of Accounts provided to you in the spreadsheet. Use the same format from your text book chapter 4 and create T-Accounts in the spreadsheet provided to you. For this exercise, there is no need to close out the T-Accounts. You do not need to perform a trial balance.

note the transactions is the last picture

D E F G B 1 Instructions: 2 Use the same format from your text book chapter 4 and create T-Accounts in this spreadsheet. 3 For this exercise, ther is no need to close out the T-Accounts. You do not need to perform a trial 4 balance! Make sure you use this spreadsheet for your submission; do not submit a PDF file! 5 Following the Small Business Chart Accounts you will see the business transactions you need 6 to create T-Accounts for 7 8 Small Business Chart of Accounts 9 Code Financial Statement Group Sub-Group Normally 1000 Debit Debit 1010 Current assets Current assets Current assets Current assets Debit 1020 Debit 1030 Cash and cash equivalents Cash and cash equivalents Cash and cash equivalents Cash and cash equivalents Cash and cash equivalents Accounts receivable Contra Accounts receivable Inventory Debit 1040 Debit Current assets Current assets Current assets Credit 1200 1210 Current assets Debit Debit 1400 1600 Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Other current assets Account Name 10 11 Bank checking account 12 Bank savings account 13 Online savings account 14 Petty cash account 15 Paypal account 16 Accounts receivable 17 Allowance for doubtful debts account 18 Inventory 19 Prepayments 20 Property 21 Property Depreciation 22 Plant 23 Plant depreciation 24 Equipment 25 Equipment depreciation 26 Accounts payable K chart of accounts Ready Debit 1800 Current assets Long term assets Long term assets Long term assets Long term assets Credit Debit 1810 1820 Property, plant and equipment Contra Property, plant and equipmer Property, plant and equipment Contra Property, plant and equipmer Property, plant and equipment Contra Property, plant and equipmer Accounts payable Credit Debit 1830 Long term assets Long term assets Current liabilities Credit Credit 1840 1850 2000 X O SH O Type here to search 1 Instructions: 2 Use the same format from your text book chapter 4 and create T-Accounts in this spreadsheet. 3 For this exercise, ther is no need to close out the T-Accounts. You do not need to perform a trial 4 balance! Make sure you use this spreadsheet for your submission; do not submit a PDF file! 5 Following the Small Business Chart Accounts you will see the business transactions you need 6 to create T-Accounts for 7 8 Small Business Chart of Accounts 9 Code Group Normally Financial Statement Sub-Group Other current liabilities Credit 2200 Balance sheet Balance sheet Other current liabilities Credit 2210 Credit 2220 2230 Credit Credit Credit 2240 2250 2260 Credit Credit Credit Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Current liabilities Long-term liabilities Long-term liabilities Equity Equity Equity Income 2270 Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Income Statement Account Name 10 27 Payroll payable 28 Interest payable 29 Accrued expenses 30 Unearned revenue 31 Sales Tax payable 32 Purchase Tax payable 33 Payroll tax payable 34 Income tax payable 35 Mortgage loan 36 Other loans 37 Owners contributions 38 Owners draw 39 Retained earnings 40 Retail sales 41 Services 42 Discounts allowed KI chart of accounts Ready 2400 Other current liabilities Other current liabilities Other current liabilities Other current liabilities Other current liabilities Other current liabilities Mortgages Loans Capital Contra Capital Retained earnings Revenue Revenue Contra Revenue Credit 2600 Credit Debit 3000 3010 Credit Credit 3020 Credit 4000 Income Debit 4010 Income Statement Income 4020 Income Statement BI + o Type here to search WISCUCCIONS. 2 Use the same format from your text book chapter 4 and create T-Accounts in this spreadsheet. 3 For this exercise, ther is no need to close out the T-Accounts. You do not need to perform a trial 4 balance! Make sure you use this spreadsheet for your submission; do not submit a PDF file! 5 Following the Small Business Chart Accounts you will see the business transactions you need 6 to create T-Accounts for 7 8 Small Business Chart of Accounts 9 Code Financial Statement Group Sub-Group Normally Debit 4400 Income Statement Debit 4410 Income Statement Credit 4420 Income Statement Debit 4430 Income Statement Cost of sales Cost of sales Cost of sales Cost of sales Cost of sales Cost of sales Expense Expense Debit 4440 Income Statement Debit Debit 4470 4800 Debit Income Statement Income Statement Income Statement Income Statement 5000 Cost of sales Cost of sales Contra Cost of sales Cost of sales Cost of sales Cost of sales Research and development Sales and marketing Sales and marketing Sales and marketing Sales and marketing Sales and marketing General and administrative General and administrative General and administrative General and administrative Debit Expense 5010 10 Account Name 43 Materials purchased 44 Packaging 45 Discounts received 46 Shipping costs 47 Import duty 48 Productive Labour 49 Research and development 50 Sales commissions 51 Sales promotion 52 Advertising 53 Gifts & samples 54 Marketing expenses 55 Payroll 56 Contract labor 57 Payroll expenses 58 Payroll benefits > chart of accounts Ready Debit 5020 Income Statement Expense Expense Debit 5030 Income Statement Debit Debit 5040 Debit 5200 Income Statement Income Statement Income Statement Expense Expense Expense Expense Expense Debit 5210 Debit 5220 Income Statement Income Statement 5230 ORI O Type here to search out the T-Accounts. You do not need to perform a trial 4 balance! Make sure you use this spreadsheet for your submission; do not submit a PDF file! 5 Following the Small Business Chart Accounts you will see the business transactions you need 6 to create T-Accounts for 7 8 Small Business Chart of Accounts 9 Code Financial Statement Normally Debit Debit Debit Debit 5230 Income Statement 5240 Income Statement 5250 Income Statement 5260 Income Statement 5270 Income Statement 5280 Income Statement 5290 Income Statement 5300 Income Statement Debit Debit Debit Group Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Sub-Group General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative Debit Debit 10 Account Name 58 Payroll benefits 59 Payroll taxes 60 Computer and internet 61 Software 62 Website 63 Rent 64 Property taxes 65 Utilities 66 Motor expenses 67 Travelling 68 Hotels 69 Meals and entertainment 70 Printing 71 Postage & carriage 72 Telephone 73 Office supplies Hichart of accounts Ready 5310 Income Statement 5320 Income Statement Income Statement Debit Debit 5330 5340 Debit Debit Debit 5350 5360 Income Statement Income Statement Income Statement Income Statement Debit Debit 5370 5380 Income Statement x Bi Type here to search D E G B 1 Instructions: 2. Use the same format from your text book chapter 4 and create T-Accounts in this spreadsheet. 3 For this exercise, ther is no need to close out the T-Accounts. You do not need to perform a trial 4 balance! Make sure you use this spreadsheet for your submission; do not submit a PDF file! 5 Following the Small Business Chart Accounts you will see the business transactions you need 6 to create T-Accounts for 7 8 8 Small Business Chart of Accounts 9 Code Financial Statement Group Sub-Group Normally 5390 Income Statement Expense Expense Debit Debit 5400 5410 Debit Income Statement Income Statement Income Statement Debit 5420 Debit 5430 Income Statement 10 Account Name 74 Professional fees 75 Equipment hire 76 Repairs & maintenance 77 Housekeeping supplies and cleaning 78 Bad debt expense 79 Dues and membership fees 80 Research and professional development 81 Insurance 82 Security 83 Suspense account 84 Depreciation Debit 5440 Income Statement Income Statement 5450 General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative General and administrative Depreciation Finance costs Finance costs Other Income Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Debit Debit Debit 5460 Income Statement 5470 Debit 5480 Debit 5600 Debit 5800 Debit 85 Interest expense Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement Income Statement 5810 Credit Income 86 Bank fees 87 Interest income 4200 Credit Income Other Income 4210 Debit 88 Rent income Income tax expense Expense 5900 89 Income tax expense 1 chart of accounts Ready BH Type here to search -- Assignment 4 Worksheet (Protected View] - Microsoft Excel (Product Activation Faile Insert Home Formulas Data View Page Layout Review Enable Editing cected View This file originated from an Internet location and might be unsafe. Click for more details. A2 fx Use the same format from your text book chapter 4 and create T-Accounts in this spreadsheet. For this exe A B D E ructions: the same format from your text book chapter 4 and create T-Accounts in this spreadsheet. this exercise, ther is no need to close out the T-Accounts. You do not need to perform a trial nce! Make sure you use this spreadsheet for your submission; do not submit a PDF file! wing the Small Business Chart Accounts you will see the business transactions you need eate T-Accounts for Small Business Chart of Accounts No Code Financial Statement Group Sub-Group count Name reate T-Accounts for the following: Payments Receipts 10,000.00 S 2,400.00 450.00 S S 8,500.00 6,500.00 S Date Transaction Description 1/1/2020 Cash deposit to start business $ 1/1/2020 Three month's rent 1/1/2020 Cash register paid for 1/1/2020 Store furniture paid for 1/31/2020 Receipts for sales in January 2020 $ 2/7/2020 Widgets supplied in January paid for 2/25/2020 Cash withdrawn for your own expenses 2/29/2020 Receipts for sales in February 2020 S 3/15/2020 Widgets supplied in February paid for 3/16/2020 Store utility charges for Jan Feb Mar 2020 3/31/2020 Receipts for sales March 2020 S 3/31/2020 Balance in bank on March 31st 2020 4,500.00 3,000.00 S 9,000.00 S 6,000.00 S 300.00 12,000.00 s 37.500.00 $ 12,350.00 37,500.00 S chart of accounts eady Type here to search

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