Chart of accounts

Account # Account Title Nature of account
Asset Accounts
1000 Cash Debit
1100 Inventory Debit
1200 Supplies Debit
1010 Land Debit
1200 Accounts receivable Debit
1020 Website Debit
1030 Equipment Debit
1035 Acc. Depreciation - Equipment Credit
1040 Office Equipment Debit
1045 Acc. Depreciation- Office Equipment Credit
1050 Vehicles Debit
1055 Acc. Depreciation- Vehicles Credit
1060 Furniture and fixtures Debit
1065 Acc. Depreciation - Furniture and fixtures Credit
1300 Prepaid insurance Debit
1310 Prepaid rent Debit
     
Liability accounts
2000 Notes payable Credit
2050 Bonds payable Credit
2100 Loan payable Credit
2150 Interest payable Credit
2200 Accounts payable Credit
2250 Salaries and Wages payable Credit
2300 Taxes payable Credit
2400 Other payables Credit
2500 Unearned revenue Credit
     
Equity accounts / Sole proprietor
3000 Owner's Capital Credit
3050 Owner's Withdrawal/Distribution Debit
     
Equity accounts / Corporation
3000 Retained Earnings Credit
3050 Dividends Debit

 

Account # Account Title Nature of account
Income Accounts
4000 Sales revenue Credit
4050 Service revenue Credit
4100 Interest revenue Credit
4200 Sales return and allowance Debit
4300 Discount on sales Debit
4400 Gain on disposal of assets Credit
     
Expense accounts
5000 COGS Debit
5050 Cost of sales Debit
5100 Salaries and wages Debit
5150 Fringe Benefits Debit
5200 Supplies expense Debit
5250 Utilities Debit
5300 Insurance   Debit
5350 Rent Debit
5400 Fuel Debit
5450 Freight out Debit
5500 Amortization expense Debit
5550 Repair and maintenance Debit
5600 Depreciation Debit
5650 Loss on disposal of assets Debit