EsterDaniel Merchandising

P. del Rosario Pooc, Talisay City

CHART OF ACCOUNTS

ASSETS LIABILITIES
CURRENT ASSETS CURRENT LIABILITIES
101 Cash in Bank 201 Notes Payable
102 Notes Receivable 202 Accounts Payable
103 Accounts Receivable 203 SSS, PhilHealth Payable
104 Allowance for Doubtful Accounts 204 Withholding Tax Payable
105 Merchandise Inventory 205 VAT Payable
106 Supplies 206 VAT Output Tax
107 Prepaid Insurance 207 Accrued Expense
108 Prepaid Rent
109 VAT Input Tax OWNER'S EQUITY
301 EsterDaniel, Capital
NON-CURRENT ASSETS 302 EsterDaniel, Drawing
110 Store Equipment 303 Income Summary
111 Accumulated Depreciation - SE
112 Office Equipment INCOME
113 Accumulated Depreciation - OE 401 Sales
402 Sales Discount
403 Sales Returns and Allowances

COST
501 Purchases
502 Purchase Discounts
503 Purchase Returns and Allowances
504 Freight In

EXPENSES
505 Advertising Expense
506 Bad Debt Expense
507 Depreciation Expense
508 Freight Out
509 Insurance Expense
510 Rent Expense
511 Salaries & Wages Expense
512 Supplies Expense
513 SSS, PhilHealth Contribution
514 Taxes & Licenses Expense
515 Utilities Expense
516 Miscellaneous Expense