Need an Accounting assignment done
Chart of Accounts This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you. Asset AccountsLiability AccountsEquity Accounts Acct #Acct #Acct # Cash101Notes Payable201Common Stock301 Baking Supplies102Accounts Payable202Dividends302 Prepaid Rent103Wages Payable203Cost of Goods Sold303 Prepaid Insurance104Interest Payable 204 Baking Equipment105 Office Supplies106 Accounts Receivable107 Accumulated Depreciation108 Merchandise Inventory109Revenue Accounts Acct # Bakery Sales401 Merchandise Sales402 Expense Accounts Acct # Baking Supplies Expense501 Rent Expense502 Insurance Expense503 Misc. Expense504 Business License Expense505 Advertising Expense506 Wages Expense507 Telephone Expense508 Interest Expense509 Depreciation Expense510 Office Supplies Expense511 Cash Baking Supplies Prepaid Rent Prepaid Insurance Baking Equipment Office Supplies Accounts Receivable Accumulated Depreciation Merchandise Inventory Notes Payable Accounts Payable Wages Payable Interest Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Interest Expense Depreciation Expense Office Supplies Expense Cost of Goods Sold October Journal Entries A Company General Journal Entries October, 20xx DateAccountsDebitCredit 1-Oct$ $ 1-Oct 3-Oct 7-Oct 10-Oct 11-Oct 13-Oct 13-Oct 14-Oct 30-Oct 31-Oct 31-Oct 31-Oct Total- 0- 0 November Journal Entries A Company General Journal Entries November, 20xx DateAccountsDebitCredit Total- 0- 0 December Journal Entries A Company General Journal Entries December, 20xx DateAccountsDebitCredit Total- 0- 0 T-Accounts - autofill dateCashdatedateNotes PayabledateBusiness License expCommon Stock 1-Oct$- 03-Oct10-Oct- 0$1-Oct 3-Oct- 0013-Oct - 07-Oct - 010-Oct0 - 011-Oct - 013-Oct - 014-Oct - 031-Oct 31-Oct- 0 - 05-Nov 8-Nov- 0 - 010-Nov 18-Nov- 0 - 015-Nov - 020-NovAccounts Rec.Insurance expense - 020-Nov31-Oct- 0 - 022-Nov- 08-Nov 30-Nov- 0- 018-Nov - 01-Dec30-Nov- 0 - 05-Dec- 08-Dec - 07-Dec31-Dec- 0 8-Dec- 0 - 010-Dec00 - 013-Dec0 - 015-Dec 15-Dec- 0 - 020-Dec - 020-Dec 24-Dec- 0 - 030-Dec 31-Dec- 0 - 0- 0 - 0 Misc. expenseBaking equipmentAdvertising expense 11-Oct- 013-Oct- 013-Oct- 0 Baking suppliesOffice suppliesRent expense 1-Oct- 014-Oct- 07-Oct- 0 15-Nov- 022-Nov- 015-Nov- 0 11-Dec- 015-Dec- 0 - 0- 0 - 0 Prepaid rentPrepaid insuranceBakery Sales 7-Oct- 031-Oct- 0- 031-Oct - 030-Nov - 031-Dec - 0 Accounts payableSalary and wages expenseSalaries and wages payable - 01-Oct31-Oct- 0- 031-Oct - 031-Oct15-Nov- 05-Nov- 0 10-Nov- 030-Nov- 0- 015-Nov - 015-Nov15-Dec- 020-Nov- 0 20-Nov- 031-Dec- 0- 030-Nov - 030-Nov5-Dec- 0 10-Dec- 0- 0- 015-Dec - 011-Dec20-Dec- 0 13-Dec- 0- 031-Dec - 0- 0 - 0 Telephone expense 30-Oct- 0- 0- 0 30-Nov- 0- 0 - 0Dividends 1-Dec- 0 - 0 COGS 15-Dec- 0 24-Dec- 0 - 0 Merchandise Sales Revenue - 015-Dec - 024-Dec - 0 Merch. Inv. FIFO 7-Dec- 0 - 015-Dec 20-Dec- 0 - 024-Dec 30-Dec- 0 - 0- 0 - 0 Inventory Valuation FIFO PurchasesSalesEnding InventoryPurchases DateNo. of ItemsUnit PriceTotal PriceNo. of ItemsUnit PriceTotal PriceNo. of ItemsUnit PriceTotal PriceDateDrCr12/7: 10 boxes purchased at $6 7-Dec10$ 6.00$ 60.0010$ 6.00$ 60.007-DecMerchandise Inventory (10 x $6)60.0012/20: 20 boxes purchased at $6.10 Cash60.0012/30: 25 boxes purchased at $6.05 15-Dec8$ 6.00$ 48.002$ 6.00$ 12.00Purchased inventorySales โ selling price, $8.50 a box 12/15: 8 boxes 20-Dec20$ 6.10$ 122.002$ 6.00$ 12.0015-DecCash (8 x $8.50)68.0012/24: 18 boxes 20$ 6.10$ 122.00 Merchandise Sales Revenue68.00 22$ 134.00Record sale of inventory 24-Dec2$ 6.00$ 12.0015-DecCost of Goods Sold (8 X $6)48.00 16$ 6.10$ 97.604$ 6.10$ 24.40 Merchandise Inventory48.00 18$ 109.60Recorded the cost of goods sold 30-Dec25$ 6.05$ 151.254$ 6.10$ 24.4020-DecMerchandise Inventory (20 x $6.10 )122.00 25$ 6.05$ 151.25 Cash122.00 29$ 175.65 Net Inventory55$ 333.2526$ 157.6029$ 175.6524-DecCash (18 x 8.50)153.00 Merchandise Sales Revenue153.00 Record sale of inventory 24-DecCost of Goods Sold (2 x $6)+(16 x $6.10)109.60 Merchandise Inventory109.60 Recorded the cost of goods sold 30-DecMerchandise Inventory (25 x $6.05)151.25 Cash151.25 Trial Balance A Company Trial Balance 20xx Unadjusted trial balanceAdjusting entriesAdjusted trial balance AccountDebitCreditDebitCreditDebitCredit Cash- 0 Baking Supplies- 0 Merchandise Inventory Prepaid Rent Prepaid Insurance- 0 Baking Equipment Accumulated Depreciation- 0 Office Supplies- 0 Accounts Receivable Notes Payable Interest Payable- 0 Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense- 0 Rent Expense Interest Expense- 0 Insurance Expense- 0 Depreciation Expense- 0 Misc. Expense Office Supplies Expense- 0 Business License Expense Advertising Expense Wages Expense Telephone Expense COGS Total:- 0- 0- 0- 0- 0- 0 Adjusting Entries A Company Adjusting Journal Entries 20XX DateAccountsDebitCredit 31-DecDepreciation Expense Accumulated Depreciation - 0- 0 Income Statement A Company Income Statement For Qtr. Ending 12/31/20XX Revenues Total Revenues- 0 Gross Profit- 0 Operating Expenses: - 0 Total Operating Expenses:- 0 Net Income- 0 Statement of Stockholder Equity A Company Statement of Stockholder's Equity For Qtr. Ending 12/31/20xx Common StockRetained EarningsTotal Beginning Balances, September 30000 Issued Common Stock Net Income Dividends Ending Balances, December 31:- 0- 0- 0 Balance Sheet A Company Balance Sheet As of December 31, 20XX AssetsLiabilities and Owners' Equity Current Assets:Current Liabilities: Total Current Liabilities- 0 Long Term Liabilities: Total Current Assets- 0Total Long Term Liabilities:- 0 Total Liabilities:- 0 Shareholder's Equity: Non-Current Assets: Total Equity - 0 Baking Equipment (Net)- 0 Total Assets:- 0Total Liabilities & Equity - 0 Closing Entries A Company Closing Entries Qtr ending 12/31/20xx DateAccountsDebitCredit 31-DecBakery Sales Merchandise Sales Retained Earnings 31-DecRetained Earnings Baking Supplies Expense Rent Expense Wages Expense Office Supplies Expense Business License Expense Office Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense COGS 31-DecRetained Earnings Dividends Post-Closing Trial Balance A Company Post-Closing Trial Balance Qtr. Ending 12/31/20xx Unadjusted Trial Balance AccountDebitCredit Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings Total- 0- 0