Chart of Accounts

Cash

Assets

Patents

Assets

Accounts Receivable

Assets

Allowance for Doubtful Accounts

Assets

Interest Receivable

Assets

Inventory

Assets

Supplies

Assets

Prepaid Insurance

Assets

Prepaid Rent

Assets

Land

Assets

Equipment

Assets

Accumulated Depreciation-Equipment

Assets

Buildings

Assets

Accumulated Depreciation—Buildings

Assets

Copyrights

Assets

Goodwill

Assets

Notes Payable

Liabilities

Accounts Payable

Liabilities

Unearned Service Revenue

Liabilities

Salaries and Wages Payable

Liabilities

Interest Payable

Liabilities

Dividends Payable

Liabilities

Income Taxes Payable

Liabilities

Bonds Payable

Liabilities

Discount on Bonds Payable

Liabilities

Premium on Bonds Payable

Liabilities

Mortgage Payable

Liabilities

Common Stock

Stockholders’ Equity

Paid-in Capital in Excess of Par Value-Common Stock

Stockholders’ Equity

Preferred Stock

Stockholders’ Equity

Paid-in Capital in Excess of Par Value-Preferred Stock

Stockholders’ Equity

Treasury Stock

Stockholders’ Equity

Retained Earnings

Stockholders’ Equity

Dividends

Stockholders’ Equity

Income Summary

Stockholders’ Equity

Service Revenue

Revenues

Sales Revenue

Revenues

Sales Discounts

Revenues

Sales Returns and Allowances

Revenues

Interest Revenue

Revenues

Gain on Disposal of Plant Assets

Revenues

Administrative Expenses

Expenses

Amortization Expense

Expenses

Bad Debt Expense

Expenses

Cost of Goods Sold

Expenses

Depreciation Expense

Expenses

Freight-Out

Expenses

Income Tax Expense

Expenses

Insurance Expense

Expenses

Interest Expense

Expenses

Loss on Disposal of Plant Assets

Expenses

Maintenance and Repairs Expense

Expenses

Rent Expense:

Expense

Salaries and Wages Expense

Expense

Selling Expenses

Expense

Supplies Expense

Expense

Utilities Expense

Expense

Asset-

Things that the business owns and control that benefit the company. (buildings, laptops,tables, etc)

Liabilities

Debts or obligations a person or company owes to someone else. (payable)

Stockholders’ Equity-

The owners' claims against the assets of a corporation after all liabilities have been deducted. (shareholders piece of the pie)

Revenues-

The income earned by a business over a period of time

Expenses-

The costs of the resources a company uses to carry out its operations and generate revenues.(cost associated with doing business)