Use the following account No. to enter proper journal entries for each transaction:
Account No. Account Name
1 Accounts payable
2 Accounts receivable
3 Buildings, net of accumulated depreciation
4 Cash
5 Common stock
6 Cost of goods sold
7 Current portion of long term debt
8 Depreciation expense
9 Dividends paid during the year
10 Accumulated depreciation
11 Income tax expense
12 Income taxes payable
13 Interest expense
14 Inventory
15 Land
16 Equipment
17 Prepaid insurance
18 Retained earnings, beginning
19 Service revenue
20 Selling expenses
21 Short term investments
22 Salaries and wages expense
23 Salaries and wages payable
24 Notes payable
able[[,debit,credit],[Acquire equipment on account,,],[ able[[Pay insurance on 1/1 for one year coverage]],,],[ able[[Receive cash as commission for acting as rental agent renting an apartment]],,],[Record depreciation expense,,],[ able[[Bill customers for service performed]],,]]
Account No
Account Name
Buildings
Common stock
Cost of goods sold
Current portion of long term debt
Depreciation expense
Dividends paid during the year
Accumulated depreciation
Income tax expense
Income taxes payable
Interest expense
Inventory
Land
Prepaid insurance
Retained earnings, beginning
Service revenue
Selling expenses
Short term investments
Salaries and wages expense
Salaries and wages payable
Notes payable
