Mr
Subject:AccountingPrice: Bought3
Mr. Edwards opened a business checking account at Wells Fargo western Bank by depositing $20,000. The corporation issued him a stock certificate for 20,000 shares of common stock at $1 par value. Mr. Edwards signed a one-year rental agreement with RIA Realtors for store space. He was required to pay $2,800 for rent for the months of September 1, 2021 - December 31, 2021 Arranged for a general business liability insurance policy and paid $600 to State Farm Insurance. This premium is for six months coverage. 4. 9/03/21 Ck #1002 Chart of Accounts: use the account numbers listed below in the journal entries. Stockholders' Equity 39003 Common Stock 39005 Retained Earnings 39007 Dividends Current Assets 10000 Cash 11000 Accounts Receivable 12000 Inventory.Bears 12100 Inventory Balloons 13100 Office Supplies 13200 Ribbon Supplies 14000 Prepaid Rent 14100 Prepaid Insurance 14200 Prepaid Advertising 1 Revenue 40000 Sales Long-Term Assets 15000 Computer Equipment 17000 Accumulated Depreciation -Computer Equipment 15100 Office Fixtures 17100 Accumulated Depreciation Office Fixtures Expenses 50000 60100 60150 60200 60300 60350 60400 60500 60550 60600 60650 Cost of Goods Sold Legal Expense Office Supplies Expense Ribbon Supplies Expense Insurance Expense Wages Expense Credit Card Expense Advertising Expense Utility Expense Rent Expense Depreciation Expense-Computer Equipment Depreciation Expense-Office Fixtures Interest Expense Bank Service Fee 60675 Current Liabilities 20000 Accounts Payable 21100 Note Payable-Wells Fargo Bank Westen Bank 21200 Note Payable-Office Mart 23100 Wages Payable 23200 Interest Payable 23300 Sales Tax Payable 23400 Utilities Payable 60700 60750 Long-Term Liabilities 27000 Mortgage Payable 27100 Notes Payable
