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chart of accounts

Chart of Accounts
Account Name Number Financial Statement Category of Account Descriptive Normal
BALANCE SHEET:
Cash Accounts - Parent non-posting 1000 Balance sheet Current assets Cash and cash equivalents Debit
Bank checking account 1100 Balance sheet Current assets Cash and cash equivalents Debit
Petty cash account 1130 Balance sheet Current assets Cash and cash equivalents Debit
Short term marketable Securities 1200 Balance sheet Current assets Short term marketable securities Debit
Receivables - Parent non-posting 1300 Balance sheet Current assets Receivables Debit
Accounts receivable 1310 Balance sheet Current assets Receivables Debit
Allowance for Uncollectible Accounts - Contra 1315 Balance sheet Current assets Receivables Credit
Note Receivable 1320 Balance sheet Current assets Receivables Debit
Interest Receivable 1330 Balance sheet Current assets Receivables Debit
Rent Receivable 1340 Balance sheet Current assets Receivables Debit
Supplies 1400 Balance sheet Current assets Other current assets Debit
Inventory 1410 Balance sheet Current assets Other current assets Debit
Prepaid Insurance 1420 Balance sheet Current assets Other current assets Debit
Prepaid Rent 1430 Balance sheet Current assets Other current assets Debit
Prepaid Advertising 1440 Balance sheet Current assets Other current assets Debit
Long term marketable securities 1500 Balance sheet Long term assets Long term marketable securities Debit
Property, Plant Equipment - Parent non-posting 1600 Balance sheet Long term assets Property, plant and equipment Debit
Land 1610 Balance sheet Long term assets Property, plant and equipment Debit
Land Improvements 1620 Balance sheet Long term assets Property, plant and equipment Debit
Building 1630 Balance sheet Long term assets Property, plant and equipment Debit
Equipment 1640 Balance sheet Long term assets Property, plant and equipment Debit
Office Equipment 1660 Balance sheet Long term assets Property, plant and equipment Debit
Accumulated Depreciation - Contra 1690 Balance sheet Long term assets Property, plant and equipment Credit
Intangibles - Parent non-posting 1700 Balance sheet Long term assets Intangibles Debit
Patents 1710 Balance sheet Long term assets Intangibles Debit
Copyrights 1720 Balance sheet Long term assets Intangibles Debit
Trademarks 1730 Balance sheet Long term assets Intangibles Debit
Goodwill 1740 Balance sheet Long term assets Intangibles Debit
Other Assets 1800 Balance sheet Long term assets Other long term assets Debit
Payables - Parent non-posting 2000 Balance sheet Current liabilities Payables Credit
Notes Payable 2020 Balance sheet Current liabilities Payables Credit
Accounts Payable 2030 Balance sheet Current liabilities Payables Credit
Deferred Revenue 2040 Balance sheet Current liabilities Payables Credit
Interest Payable 2050 Balance sheet Current liabilities Payables Credit
Utilities Payable 2060 Balance sheet Current liabilities Payables Credit
Dividends Payable 2070 Balance sheet Current liabilities Payables Credit
Salaries Payable 2080 Balance sheet Current liabilities Payables Credit
FICA tax Payable 2090 Balance sheet Current liabilities Payables Credit
Unemployment Tax Payable 2100 Balance sheet Current liabilities Payables Credit
Fringe Benefit Payable 2110 Balance sheet Current liabilities Payables Credit
Sales Tax payable 2120 Balance sheet Current liabilities Payables Credit
Payroll tax payable 2130 Balance sheet Current liabilities Payables Credit
Income tax payable 2140 Balance sheet Current liabilities Payables Credit
Warranty Liability 2200 Balance sheet Short or Long-term liabilities Warranty Liability Credit
Contingent Liability 2210 Balance sheet Long-term liabilities Contingent Liability Credit
Bonds payable 2300 Balance sheet Long-term liabilities Bonds Liability Credit
Discount on Bonds Payable - Contra 2350 Balance sheet Long-term liabilities Bonds Liability Debit
Premium on Bonds Payable - Adjunct 2360 Balance sheet Long-term liabilities Bonds Liability Credit
Stockholder's Equity - Parent non-posting 3000 Balance sheet Stockholder's Equity Capital Credit
Common stock 3100 Balance sheet Stockholder's Equity Capital Credit
Preferred stock 3200 Balance sheet Stockholder's Equity Capital Credit
Additional Paid-in-Capital 3300 Balance sheet Stockholder's Equity Capital Credit
Treasury Stock 3400 Balance sheet Stockholder's Equity Capital Debit
Retained earnings 3500 Balance sheet Stockholder's Equity Retained earnings Credit
INCOME STATEMENT:
Sales - Parent non-posting 4000 Income Statement Income Revenue Credit
Service Revenue 4100 Income Statement Income Operating Revenue Credit
Sales 4200 Income Statement Income Operating Revenue Credit
Sales Discounts - Contra 4250 Income Statement Income Operating Revenue Debit
Sales Returns & Allowances - Contra 4260 Income Statement Income Operating Revenue Debit
Dividend Revenue 4300 Income Statement Income Non Operating Other Income Credit
Interest income 4400 Income Statement Income Non Operating Other Income Credit
Rent income 4500 Income Statement Income Non Operating Other Income Credit
Gain 4600 Income Statement Income Non Operating Other Income Credit
Cost of Goods Sold 5100 Income Statement Expense Operating Cost of Sales Debit
Advertising Expense 5120 Income Statement Expense Operating General & Administrative Debit
Amortization Expense 5140 Income Statement Expense Operating General & Administrative Debit
Audit Fees 5160 Income Statement Expense Operating General & Administrative Debit
Bad Debt Expense 5180 Income Statement Expense Operating General & Administrative Debit
Delivery Expense 5200 Income Statement Expense Operating General & Administrative Debit
Depreciation Expense 5220 Income Statement Expense Operating General & Administrative Debit
Entertainment Expense 5240 Income Statement Expense Operating General & Administrative Debit
Insurance Expense 5260 Income Statement Expense Operating General & Administrative Debit
Lease or Rent Expense 5280 Income Statement Expense Operating General & Administrative
Legal Fees 5300 Income Statement Expense Operating General & Administrative Debit
License Fee Expense 5320 Income Statement Expense Operating General & Administrative Debit
Miscellaneous Expense 5340 Income Statement Expense Operating General & Administrative Debit
Professional Fees 5360 Income Statement Expense Operating General & Administrative Debit
Property Tax Expense 5380 Income Statement Expense Operating General & Administrative Debit
Rent Expense 5400 Income Statement Expense Operating General & Administrative Debit
Repairs and Maintenance Expense 5420 Income Statement Expense Operating General & Administrative Debit
Research and Development Expense 5440 Income Statement Expense Operating General & Administrative Debit
Salaries Expense 5460 Income Statement Expense Operating General & Administrative Debit
Sales Commissions 5480 Income Statement Expense Operating General & Administrative Debit
Service Fee Expense 5500 Income Statement Expense Operating General & Administrative Debit
Subscriptions 5520 Income Statement Expense Operating General & Administrative Debit
Supplies Expense 5540 Income Statement Expense Operating General & Administrative Debit
Travel Expense 5560 Income Statement Expense Operating General & Administrative Debit
Utilities Expense 5580 Income Statement Expense Operating General & Administrative Debit
Bank fees 5600 Income Statement Expense Operating Finance costs Debit
Interest Expense 5700 Income Statement Expense Non Operating Finance costs Debit
Loss 5800 Income Statement Expense Non Operating Other Loss Debit
Income tax expense 5900 Income Statement Expense Income Tax Expense Debit
Net Income non-posting 8888 Income Statement Net Revenues - Expenses Only used in net Revenue -Expenses
Suspense account - This is when it doesn't balance 9999 Not Categorized Not Categorized Debit

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