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CHART OF ACCOUNTS

T. SAX, Capital

T. SAX, Withdrawals

Tony Sax decided to end the SAX Computer Center's first year as of September 30, 20XX. Following is an updated chart of accounts.

Journal

Page 1
GENERAL JOURNAL
Date Account Titles and Description PR Dr. Cr.

Ledger

CASH ACCOUNT NO. 1000
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 1 6 4 5 00
ACCOUNTS RECEIVABLE ACCOUNT NO. 1020
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 2 6 0 0 00
PREPAID RENT ACCOUNT NO. 1025
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 1 2 0 0 00
SUPPLIES ACCOUNT NO. 1030
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 4 5 0 00

Ledger (2)

COMPUTER SHOP EQUIPMENT ACCOUNT NO. 1080
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 2 4 0 0 00
ACCUMULTATED DEPRECIATION, COMPUTER SHOP EQUIPMENT ACCOUNT NO. 1081
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
OFFICE EQUIPMENT ACCOUNT NO. 1090
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 6 0 0 00
ACCUMULATED DEPRECIATION, OFFICE EQUIPMENT ACCOUNT NO. 1091
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
ACCOUNTS PAYABLE ACCOUNT NO. 2000
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 2 1 0 0.00

Ledger (3)

SAX, CAPITAL ACCOUNT NO. 3000
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 4 5 0 0 00
SAX, WITHDRAWALS ACCOUNT NO. 3010
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 1 0 0 00
INCOME SUMMARY ACCOUNT NO. 3020
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
SERVICE REVENUE ACCOUNT NO. 4000
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 6 6 8 5 00
ADVERTISING EXPENSE ACCOUNT NO. 5010
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 1 4 0 0 00

Ledger (4)

RENT EXPENSE ACCOUNT NO. 5020
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 4 0 0 00
UTILITIES EXPENSE ACCOUNT NO. 5030
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 1 8 0 00
PHONE EXPENSE ACCOUNT NO. 5040
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 2 2 0 00
SUPPLIES EXPENSE ACCOUNT NO. 5050
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.

Ledger (5)

INSURANCE EXPENSE ACCOUNT NO. 5060
Date Explanation Post Ref. Debit Credit Balance
Sept. 30 Balance Forward √ 1 5 0 00
POSTAGE EXPENSE ACCOUNT NO. 5070
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
Sept. 30 Balance Forward √ 5 0 00
DEPRECIATION EXPENSE C.S. EQUIPMENT ACCOUNT NO. 5080
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.
DEPRECIATION EXPENSE OFFICE EQUIPMENT ACCOUNT NO. 5090
Date Explanation Post Ref. Debit Credit Balance
Dr. Cr.