Employee-Related Expenses

Financial Expenses

Other
Following is a typical chart of accounts, which is used in several assignments
Assets
Current Assets
101 Cash
102 Petty cash
103 Cash equivalents
104 Short-term investments
105 Fair value adjustment,secmities (S-T)
106 Accounts receivable
107 Allowance for doubtful accounts
108 Legal fees receivable
109 Interest receivable
110 Rent receivable
111 Notes receivable
119 Merchandise inventory
120 inventory
121 inventory
124 Office supplies
125 Store supplies
126 supplies
128 Prepaid insurance
129 Prepaid interest
131 Prepaid rent
132 Raw materials inventory
133 Goods in process inventory,
134 Goods in process inventory
135 Finished goods inventory
Long-Term Investments
141 Long-term investments
142 Fair value adjustment, ______securities (L-T)
144 Investment in______
145 Bond sinking fund
Plant Assets
151 Automobiles
152 Accumulated depreciation- Automobiles
153 Trucks
154 Accumulated depreciation-Trucks
155 Boats
156 Accumulated depreciation-Boats
157 Professional library
158 Accumulated depreciation- Professional library
159 Law library
160 Accumulated depreciation- Law library
161 Furniture
162 Accumulated depreciation- I'urniture
163 Office equipment
164 Accumulated depreciation- Office equipment
165 Store equipment
166 Accumulated depreciation- Store equipment
167 ______equipment
168 Accumulated depreciation- _ equipment
169 Machinery
170 Accumulated depreciation- Machinery
173 Building _
174 Accumulated depreciation-Building _
175 Building _
176 Accumulated depreciation-Building _
179 Land improvements _
180 Accumulated depreciation- Land improvements _
181 Land improvements _
182 Accumulated depreciation- Land improvements _
183 Land
Natural Resources
185 Mineral deposit
186 Accumulated depletion- Mineral deposit
Intangible Assets
191 Patents
192 Leasehold
193 Franchise
194 Copyrights
195 Leasehold improvements
196 Licenses
197 Accumulated amortization- _
Liabilities
Current Liabilities
201 Accounts payable
202 Insurance payable
203 Interest payable
204 Legal fees payable
207 Office salaries payable
208 Rent payable
209 Salaries payable
210 Wages payable
211 Accrued payroll payable
214 Estimated warranty liability
215 Income taxes payable
216 Common dividend payable
217 Preferred dividend payable
218 State unemployment taxes payable
219 Employee federal income taxes payable
221 Employee medical insurance payable
222 Employee retirement program payable
223 Employee union dues payable
224 Federal unemployment taxes payable
225 FICA taxes payable
226 Estimated vacation pay liability
Unearned Revenues
230 Unearned consulting fees
231 Unearned legal fees
232 Unearned property management fees
233 Unearned ______________ fees
234 Unearned ______________ fees
235 Unearned janitorial revenue
236 Unearned ______________ revenue
238 Unearned rent
Notes Payable
240 Short-term notes payable
241 Discount on short-term notes payable
245 Notes payable
25 l Long-term notes payable
252 Discount on long-term notes payable
Long-Term Liabilities
253 Long-term lease liability
255 Bonds payable
256 Discount on bonds payable
257 Premium on bonds payable
258 Deferred income tax liability
Equity
Owner's Equity
301 ______________ , Capital
302 ______________ ,Withdrawals
303 ______________ ,Capital
304 ______________ ,Withdrawals
305 ______________ ,Capital
306 ______________ ,Withdrawals
Paid-In Capital
307 Common stock, _____par value
308 Common stock, no-par value
309 Common stock, ______stated value
310 Common stock dividend distributable
31 l Paid-in capital in excess of par value,
312 Paid-in capital in excess of stated value,No-par common stock
313 Paid-in capital from retirement of common stock
314 Paid-in capital , Treasury stock
315 Preferred stock
316 Paid-in capital in excess of par value, Preferred stock
Retained Earnings
318 Retained earnings
319 Cash dividends (or Dividends)
320 Stock dividends
Other Equity Accounts
321 Treasury stock, Common
322 Unrealized gain-Equity
323 Unrealized loss-Equity
Revenues
401 fees earned
402 fees earned
403 services revenue
404 services revenue
405 Commissions earned
406 Rent revenue (or Rent earned)
407 Dividends revenue (or Dividend earned)
408 Earnings from investment in _
409 Interest revenue (or Interest earned)
410 Sinking fund earnings
413 Sales
414 Sales returns and allowances
415 Sales discounts
Cost of Sales
Cost of Goods Sold
502 Cost of goods sold
505 Purchases
506 Purchases returns and allowances
507 Purchases discounts
508 Transportation-in
Manufacturing
520 Raw materials purchases
521 Freight-in on raw materials
530 Factory payroll
531 Direct labor
540 Factory overhead
541 Indirect materials
542 Indirect labor
543 Factory insurance expired
544 Factory supervision
545 Factory supplies used
546 Factory utilities
547 Miscellaneous production costs
548 Property taxes on factory building
549 Property taxes on factory equipment
550 Rent on factory building
551 Repairs, factory equipment
552 Small tools written off
560 Depreciation of factory equipment
561 Depreciation of factory building
Standard Cost Variance
580 Direct material quantity variance
581 Direct material price variance
582 Direct labor quantity variance
583 Direct labor price variance
584 Factory overhead volume variance
585 Factory overhead controllable variance
Expenses
Amortization, Depletion, and Depreciation
601 Amortization expense- _
602 Amortization expense- _
603 Depletion expense- _
604 Depreciation expense-Boats
605 Depreciation expense-Automobiles
606 Depreciation expense-Building _
607 Depreciation expense-Building _
608 Depreciation expense-Land
609 Depreciation expense-Land improvements _
610 Depreciation expense-Law library
611 Depreciation expense-Trucks
612 Depreciation expense- equipment
613 Depreciation expense- equipment
614 Depreciation expense- _
615 Depreciation expense- _
Employee-Related Expenses
620 Office salaries expense
621 Sales salaries expense
622 Salaries expense
623 ______wages expense
624 Employees' benefits expense
625 Payroll taxes expense
Financial Expenses
630 Cash over and short
631 Discounts lost
632 Factoring fee expense
633 Interest expense
Insurance Expenses
635 Insurance expense- Delivery equipment
636 Insurance expense- Office equipment
637 Insurance expense- _
Rental Expenses
640 Rent expense
641 Rent expense-Office space
642 Rent expense-Selling space
643 Press rental expense
644 Truck rental expense
645 _____rental expense
Supplies Expenses
650 Office supplies expense
651 Store supplies expense
652 supplies expense
653 supplies expense

Miscellaneous Expenses
655 Advertising expense
656 Bad debts expense
657 Blueprinting expense
658 Boat expense
659 Collection expense
661 Concessions expense
662 Credit card expense
663 Delivery expense
664 Dumping expense
667 Equipment expense
668 Food and drinks expense
671 Gas and oil expense
672 General and administrative expense
673 Janitorial expense
674 Legal fees expense
676 Mileage expense
677 Miscellaneous expenses
678 Mower and tools expense
679 Operating expense
680 Organization expense
681 Permits expense
682 Postage expense
683 Property taxes expense
684 Repairs expense-
685 Repairs expense- _
687 Selling expense
688 Telephone expense
689 Travel and entertainment expense
690 Utilities expense
691 Warranty expense
695 Income taxes expense
Gains and Losses
701 Gain on retirement of bonds
702 Gain on sale of machinery
703 Gain on sale of investments
704 Gain on sale of trucks
705 Gain on _
706 Foreign exchange gain or loss
801 Loss on disposal of machinery
802 Loss on exchange of equipment
803 Loss on exchange of _
804 Loss on sale of notes
805 Loss on retirement of bonds
806 Loss on sale of investments
807 Loss on sale of machinery
808 Loss on _
809 Unrealized gain-Income
810 Unrealized loss-Income
811 Impairment gain
812 Impairment loss
Clearing Accounts
901 Income summary
902 Manufacturing summary
Current Assets
Capital
Equity Share Capital
ES - Ram
ES - Shaym

COGS
Emp
Fin
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