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Chart of Accounts
For the year ended December 31 , 2019
Pequit ACCOUNT NO. DESCRIPTION ACCOUNT TYPE
Company 1-001 Cash Asset
Chart 1-002 Accounts Receivable Asset
of 1-003 Prepaid Expenses Asset
Accounts 1-004 Prepaid Insurance Asset
December 1-005 Inventory Asset
For 1-006 Office Supplies Asset
the 1-007 Land Asset
year 1-008 Building Asset
ended 1-009 Depreciation Asset
Cash
Flows
Changes
in
Equity
Subsidiary
Total
Beggining
Balance
Adjustments
Adjusted
FINANCIAL STATEMENT
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
Financial Position
Financial Position
Financial Position
Financial Position
Financial Position
Financial Position
Financial Position
Financial Position
Financial Position
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Income Statement
Pequit Company
Post Closing Trial Balance
December 31 , 2019
Account Code Account Name Debit
1-001 1-001 Cash 214,000
1-002 1-002 Accounts Receivable 338,000
1-003 1-004 Prepaid Insurance 48,000
1-004 1-006 Office Supplies 31,000
1-005 1-007 Land 370,000
1-006 1-008 Building 900,000
1-007 1-010 Accumulated Depreciation-Building
1-008 1-011 Equipment 800,000
1-009 1-012 Accumulated Depreciation-Equipment
1-010 2-001 Accounts Payable
1-011 2-005 Mortgage Payable
1-012 3-003 Marketable Securities 426,000
1-013 3-004 Pequit, Capital
2-001 Total 3,127,000
2-002
2-003
2-004
2-005
3-001
3-002
3-003
3-004
4-001
4-002
4-003
5-002
5-003
5-004
5-005
5-006
5-007
5-008
5-009
5-010
5-011
5-012
5-013
5-014
Credit
250,000
200,000
172,000
1,200,000
1,305,000
3,127,000
1-001 Pequit Company
1-002 General Journal
1-003 For the year ended December 31, 2019
1-004 Date ACCOUNT CODE ACCOUNT NAME
1-005 DEBIT
1-006 Thursday, December 05, 2019 4-002 Sales Returns and allowances
1-007 1-002
1-008
1-009 Monday, December 09, 2019 2-001 Accounts Payable
1-010 5-011
1-011
1-012 Sunday, December 29, 2019 4-002 Sales Returns and allowances
1-013
1-014
2-001 Tuesday, December 31, 2019 5-001 Salaries Expense
2-002 1-013
2-003
2-004 5-015 Insurance Expense
2-005 1-004
3-001
3-002 1-009 Depreciation
3-003 1-010
3-004 1-012
4-001
4-002 5-005 Supplies Expense
4-003 1-006
5-001
5-002
5-003
5-004
5-005 Total
5-006
5-007
5-008
5-009
5-010
5-011
5-012
5-013
5-014
5-015
5-016
ompany
Journal
December 31, 2019
ACCOUNT NAME AMOUNT
CREDIT DEBIT CREDIT
25,000.00
Accounts Receivable 25,000.00
12,000.00
Interest Expense 12,000.00
18,000.00
Accounts Receivable 18,000.00
73,000.00
Accrued Salaries 73,000.00
2,000.00
Prepaid Insurance 2,000.00
7,500.00
Accumulated Depreciation-Building 3,000.00
Accumulated Depreciation-Equipment 4,500.00
24,000.00
Office Supplies 24,000.00
161,500.00 161,500.00
Pequi
Cash Re
For the year end
Date POSTING REFERENCE
Total
Pequit Company
Cash Receipt Journal
For the year ended December 31, 2019
INVOICE NUMBER/OR NUMBER DEBIT
Cash Sales Discount
1-001 4-003
174,600 5,400
176,450 5,550
320,100 9,900
671,150 20,850
CREDIT
Sales Accounts Receivable Other Income
4-001 1-002 5-016
180,000
182,000
330,000
692,000
POSTING INVOICE NUMBER/OR
CREDIT
Date REFERENCE NUMBER
Cash
1-001
Total 139,700.00
Pequit Company
Cash Disbursement Journal
2,300.00 115,000.00
2,300.00 115,000.00
quit Company
bursement Journal
3,000
2,000
8,000
5,000
9,000
9000 0
Pequit Company
Sales Journal
For the year ended December 31, 2019
DATE POSTING REFERENCE INVOICE NUMBER/ OR NUMBER
Total
DEBIT CREDIT 1-001
Purchase Accounts Payable 1-002
5-008 2-001 1-003
232,000.00 232,000.00 1-004
1-005
232,000.00 232,000.00 1-006
1-007
1-008
1-009
1-010
1-011
1-012
1-013
2-001
2-002
2-003
2-004
2-005
3-001
3-002
3-003
3-004
4-001
4-002
4-003
5-001
5-002
5-003
5-004
5-005
5-006
5-007
5-008
5-009
5-010
5-011
5-012
5-013
5-014
5-015
5-016
Pequit Company
General Ledger
For the year ended December 31, 2019
Cash
Accounts Receivable
Date Particulars Amount Debited
Friday, December 01, 2006 Beggining Balance 338,000.00
Sunday, December 31, 2006 Sales Journal 779000
Total 382,000.00
Prepaid Insurance
Date Particulars Amount Debited
Friday, December 01, 2006 Beggining Balance 48,000.00
Total 46,000.00
Office Supplies
Land
Date Particulars Amount Debited
Friday, December 01, 2006 Beggining Balance 370,000.00
Total 370,000.00
Building
Date Particulars Amount Debited
Friday, December 01, 2006 Beggining Balance 900,000.00
Total 900,000.00
Accumulated Depreciation-Building
Date Particulars Amount Debited
Equipment
Date Particulars Amount Debited
Friday, December 01, 2006 Beggining Balance 800,000.00
Total 800,000.00
Accumulated Depreciation-Equipment
Date Particulars Amount Debited
Accounts Payable
Mortgage Payable
Date Particulars Amount Debited
Pequit, Capital
Date Particulars Amount Debited
Pequit, Withdrawals
Date Particulars Amount Debited
Sales
Date Particulars Amount Debited
Sales Discount
Date Particulars Amount Debited
Sunday, December 31, 2006 Cash Receipt Journal 20,850.00
Total 20,850.00
Purchase
Date Particulars Amount Debited
Sunday, December 31, 2006 Purchase Journal 232,000.00
Total 232,000.00
Purchase discount
Date Particulars Amount Debited
Sunday, December 31, 2006 Cash Disbursement Journal 2,300.00
Total 2,300.00
Friegth In
Date Particulars Amount Debited
Sunday, December 31, 2006 Cash Disbursement Journal 2,000.00
Total 2,000.00
Transportation expense
Date Particulars Amount Debited
Sunday, December 31, 2006 Cash Disbursement Journal 8,000.00
Total 8,000.00
Interest Expense
Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 12,000.00
Total 12,000.00
Representation Expense
Date Particulars Amount Debited
Sunday, December 31, 2006 Cash Disbursement Journal 9,000.00
Total 9,000.00
Salaries Expense
Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 73,000.00
Total 73,000.00
Insurance Expense
Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 2,000.00
Total 2,000.00
Supplies Expense
Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 24,000.00
Total 24,000.00
Accrued Salaries
Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 73,000.00
Total 73,000.00
Depreciation
Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 7,500.00
Total 7,500.00
Marketable Securities
Date Particulars Amount Debited
Friday, December 01, 2006 Beggining Balance 426,000.00
Total 426,000.00
quit Company
eneral Ledger
nded December 31, 2019
Cash 1-001
1-002
1-004
1-009
1-007
Land 1-007
Date Particulars Amount Credited
1-010
1-008
Building 1-008
Date Particulars Amount Credited
3,000.00
1-012
1-010
d Depreciation-Building 1-010
Date Particulars Amount Credited
Friday, December 01, 2006 Beggining Balance 250,000.00
Sunday, December 31, 2006 General Journal 3,000.00
Total 253,000.00 1-007
Equipment 1-011
Date Particulars Amount Credited 1-011
1-013
Depreciation-Equipment 1-012
Date Particulars Amount Credited
Friday, December 01, 2006 Beggining Balance 200,000.00
Sunday, December 31, 2006 General Journal 4,500.00
Total 204,500.00 2-001
3-005
Sales 4-001
Date Particulars Amount Credited
Sunday, December 31, 2006 Sales Journal 779,000.00 5-008
Total 779,000.00
5-009
5-012
Purchase 5-008
Date Particulars Amount Credited 5-008
5-004
Depreciation 1-009
Date Particulars Amount Credited
1-002
1-003
1-004
1-005
1-006
1-007
1-008
1-009
1-010
1-011
1-012
1-013
2-001
2-002
2-003
2-004
2-005
3-001
3-002
3-003
3-004
3-005
4-001
4-002
4-003
5-001
5-002
5-003
5-004
5-005
5-006
5-007
5-008
5-009
5-010
5-011
5-012
5-013
5-014
5-015
5-016
General Journal
ACCOUNTS RECEIVABLE
Amount Amount
DATE Particulars Balance
Debited Credited
Pequit Company
Trial Balance
December 31 , 2019
1-001 Account Code Account Name Debit Credit
1-002 1-001 Cash 671,150.00
1-003 1-002 Accounts Receivable 382,000.00
1-004 1-004 Prepaid Insurance 46,000.00
1-005 1-006 Office Supplies 7,000.00
1-006 1-007 Land 370,000.00
1-007 1-008 Building 900,000.00
1-008 1-009 Depreciation 7,500.00
1-009 1-010 Accumulated Depreciation-Building 253,000.00
1-010 1-011 Equipment 800,000.00
1-011 1-012 Accumulated Depreciation-Equipment 204,500.00
1-012 1-013 Accrued Salaries 73,000.00
1-013 2-001 Accounts Payable 175,000.00
2-001 2-005 Mortgage Payable 1,200,000.00
2-002 3-003 Marketable Securities 426,000.00
2-003 3-004 Pequit, Capital 1,305,000.00
2-004 4-001 Sales 779,000.00
2-005 4-002 Sales Returns and allowances 43,000.00
3-001 4-003 Sales Discount 20,850.00
3-002 5-008 Purchase 232000
3-003 5-009 Purchase discount 2300
3-004 5-012 Friegth In 2000
3-005 5-004 Transportation expense 8000
4-001 5-011 Interest Expense 12000
4-002 5-014 Representation Expense 9000
4-003 5-001 Salaries Expense 73000
5-001 5-015 Insurance Expense 2000
5-002 5-005 Supplies Expense 24000
5-003
5-004
5-005
5-006
5-007
5-008
5-009
5-010 Total 4,110,800.00 3,916,500.00
5-011
5-012
5-013
5-014
5-015
5-016
Pequit Company
Worksheet
December 31 , 2019
Account Code Account Name Trial Balance Adjustments
DEBIT CREDIT DEBIT
1-001 Cash
1-002 Accounts Receivable
1-004 Prepaid Insurance
1-006 Office Supplies
1-007 Land
1-008 Building
1-009 Depreciation
1-010 Accumulated Depreciation-Building
1-011 Equipment
1-012 Accumulated Depreciation-Equipment
1-013 Accrued Salaries
2-001 Accounts Payable
2-005 Mortgage Payable
3-003 Marketable Securities
3-004 Pequit, Capital
4-001 Sales
4-002 Sales Returns and allowances
4-003 Sales Discount
5-008 Purchase
5-009 Purchase discount
5-012 Friegth In
5-004 Transportation expense
5-014 Representation Expense
5-001 Salaries Expense
5-015 Insurance Expense
5-005 Supplies Expense
Pequit Company
Worksheet
cember 31 , 2019
Adjustments Adjusted Trial Balance Income Statement Balance Sheet
CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Pequit Company
Income Statement
December 31 , 2019
Pequit Company
Statement of Comprehensive Income
December 31 , 2019
Pequit Company
Statement of Cash Flows
December 31 , 2019
Pequit Company
Statement of Changes in Equity
December 31 , 2019
Pequit Company
Balance Sheet
December 31 , 2019