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Pequit Company

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

December 1-010 Accumulated Depreciation-Building Contra-Asset

31 1-011 Equipment Asset

2019 1-012 Accumulated Depreciation-Equipment Contra-Asset


Cash 1-013 Accrued Salaries Asset
Disbursement 1-014 Other Asset Asset
Journal 2-001 Accounts Payable Liability
Purchase 2-002 Taxes Payable Liability
Sales 2-003 Payroll Payable Liability
Cash 2-004 Notes Payable Liability
Receipt 2-005 Mortgage Payable Liability
General 3-001 Common Stock Equity
Ledger 3-002 Retained Earnings Equity
Return 3-003 Marketable Securities Equity
and 3-004 Pequit, Capital Equity
Allowances 3-005 Pequit, Withdrawals
4-001 Sales Revenue
Balance 4-002 Sales Returns and allowances Revenue
Sheet 4-003 Sales Discount Revenue
Income 5-001 Salaries Expense Expense
Statement 5-002 Depreciation Expense Expense
of 5-003 Cost of Goods Sold Expense
Comprehensive 5-004 Transportation expense Expense
5-005 Supplies Expense Expense
5-006 Utilities Expense Expense
5-007 Wages Expense Expense
Post 5-008 Purchase Expense
Closing 5-009 Purchase discount Expense
Trial 5-010 Purchase return Expense
Balance 5-011 Interest Expense Expense
5-012 Friegth In Expense
Worksheet 5-013 Friegth Out Expense
5-014 Representation Expense Expense
Notes 5-015 Insurance Expense Expense
to 5-016 Other Income
Financial

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

Tuesday, December 03, 2019


Wednesday, December 11, 2019
Wednesday, December 18, 2019
Thursday, December 19, 2019

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

Sunday, December 01, 2019 112,700.00

Wednesday, December 04, 2019 3,000


Saturday, December 07, 2019 2,000.00

Tuesday, December 10, 2019 8,000

Thursday, December 19, 2019 5,000

Friday, December 20, 2019 9,000

Monday, December 30, 2019

Total 139,700.00
Pequit Company
Cash Disbursement Journal

For the year ended December 31, 2019


CREDIT

Purchase discount Accounts Payable Salaries Expense Depreciation Expense

5-009 2-001 5-001 5-002

2,300.00 115,000.00

2,300.00 115,000.00
quit Company
bursement Journal

nded December 31, 2019


DEBIT

Transportation expense Supplies Expense Utilities Expense Interest Expense Friegth In

5-004 5-005 5-006 5-011 5-012

3,000
2,000

8,000

5,000

8000 8000 2,000


Friegth Out Representation Expense Insurance Expense Pequit, Capital

5-013 5-014 5-015 3-004

9,000

9000 0
Pequit Company
Sales Journal
For the year ended December 31, 2019
DATE POSTING REFERENCE INVOICE NUMBER/ OR NUMBER

Wednesday, December 04, 2019


Thursday, December 12, 2019
Thursday, December 19, 2019
Total
9
DEBIT CREDIT
Accounts Receivable Sales
1-002 4-001
207,000.00 207,000.00
330,000.00 330,000.00
242,000.00 242,000.00
779,000.00 779,000.00
Pequit Company
Purchase Journal
For the year ended December 31, 2019
DATE POSTING REFERENCE INVOICE NUMBER/ OR NUMBER

Saturday, December 07, 2019

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

Date Particulars Amount Debited

Friday, December 01, 2006 Beggining Balance 214,000.00


Tuesday, December 31, 2019 Cash Receipt Journal 671,150.00
Total 745,450.00

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

Date Particulars Amount Debited


Friday, December 01, 2006 Beggining Balance 31,000.00
Total 7,000.00

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

Date Particulars Amount Debited


Sunday, December 31, 2006 Cash Disbursement Journal 115,000.00
Sunday, December 31, 2006 Purchase Journal 232,000.00
Total 175,000.00

Mortgage Payable
Date Particulars Amount Debited

Pequit, Capital
Date Particulars Amount Debited

Pequit, Withdrawals
Date Particulars Amount Debited

Sales
Date Particulars Amount Debited

Sales Returns and allowances


Date Particulars Amount Debited
Sunday, December 31, 2006 General Journal 25,000.00
Sunday, December 31, 2006 General Journal 18,000.00
Total 43,000.00

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

Date Particulars Amount Credited

Tuesday, December 31, 2019 Cash Disbursement Journal 139,700.00

1-002

ounts Receivable 1-002


Date Particulars Amount Credited
Sunday, December 31, 2006 General Journal 43,000.00
Sunday, December 31, 2006 Cash Receipt Journal 692,000.00

1-004

paid Insurance 1-004


Date Particulars Amount Credited
Sunday, December 31, 2006 General Journal 2,000.00

ffice Supplies 1-006

Date Particulars Amount Credited


Sunday, December 31, 2006 General Journal 24,000.00

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

counts Payable 2-001

Date Particulars Amount Credited


Friday, December 01, 2006 Beggining Balance 172,000.00

3-005

rtgage Payable 2-005


Date Particulars Amount Credited
Friday, December 01, 2006 Beggining Balance 1,200,000.00
Total 1,200,000.00 4-001

equit, Capital 3-004


Date Particulars Amount Credited
Friday, December 01, 2006 Beggining Balance 1,305,000.00
Total 1,305,000.00 4-002

uit, Withdrawals 3-005


Date Particulars Amount Credited
4-003

Sales 4-001
Date Particulars Amount Credited
Sunday, December 31, 2006 Sales Journal 779,000.00 5-008
Total 779,000.00

urns and allowances 4-002


Date Particulars Amount Credited

5-009

ales Discount 4-003


Date Particulars Amount Credited

5-012

Purchase 5-008
Date Particulars Amount Credited 5-008

5-004

chase discount 5-009


Date Particulars Amount Credited
5-011
Friegth In 5-012
Date Particulars Amount Credited
5-014

portation expense 5-004


Date Particulars Amount Credited
5-001

erest Expense 5-011


Date Particulars Amount Credited
5-015

sentation Expense 5-014


Date Particulars Amount Credited
5-005

laries Expense 5-001


Date Particulars Amount Credited

urance Expense 5-015


Date Particulars Amount Credited

pplies Expense 5-005


Date Particulars Amount Credited
crued Salaries 1-013
Date Particulars Amount Credited

Depreciation 1-009
Date Particulars Amount Credited

etable Securities 3-003


Date Particulars Amount Credited
1-001

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

Cash Receipt Journal

Cash Disbursement Journal


Sales Journal
Purchase Journal
Pequit Company
Subsidiary Ledger
December 31 , 2019

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

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