50.1K

Verified Solution

Link Copied!

how to addd the following chart of accounts:

$1010$ Bank $$ Chequing

$1020$ Petty Cash

$1030$ Accounts Receivable

$1040$ Allowance for Doubtful Accounts

$1050$ Inventory

$2000$ Manufacturing Equipment

$2010$ Furniture & Fixtures

$2020$ Computer Equipment

$2030$ Vehicle

$2040$ Building

$2500$ Accumulated Depreciation $-$ Manufacturing Equipment

$2510$ Accumulated Depreciation $-$ Furniture & Fixtures

$2520$ Accumulated Depreciation $-$ Computer Equipment

$2530$ Accumulated Depreciation $$ Vehicle

$2540$ Accumulated Depreciation $-$ Building

$3000$ Accounts Payable

$3010$ GST$/$HST Payable

$3020$ GST$/$HST Recoverable

$3030$ Income Tax Payable

$3500$ Bank Loan

$3510$ Mortgage Payable

$4000$ Common Stock

$4100$ Retained Earnings $$ Your Name

$4500-100$ Revenue from Sales$/$Rentals

$4500-200$ Revenue from Service

$4510-100$ Sales Discounts

$4510-200$ Sales Discounts

$5000-100$ Cost of Sales

$5000-200$ Cost of Sales

$5100-100$ Purchase Discounts

$5100-200$ Purchase Discounts

$6000-100$ Advertising Expense

$6000-200$ Advertising Expense

$6010-100$ Automobile Expense

$6010-200$ Automobile Expense

$6030-100$ Utilities Expense

$6030-200$ Utilities Expense

$6050-100$ Insurance Expense

$6050-200$ Insurance Expense

$6060-100$ Telephone Expense

$6060-200$ Telephone Expense

$6070-100$ Factory Expense

$6070-200$ Factory Expense

$6080-100$ Office Expense

$6080-200$ Office Expense

$6090-100$ Depreciation Expense

$6090-200$ Depreciation Expense

in sage $300$ chart account

Answer & Explanation Solved by verified expert

See Answer