Create accounts to match the following Chart of Account:
Account types are shown in brackets beside the account.
(A) = Subgroup (S) = Subgroup total (H) = Heading (T) = Total (X) =
Current Earnings All
other accounts (unmarked) are Group accounts.
Allow division allocations for all revenue and expense
accounts
Edit the current earnings account
THE DOG HOUSE: Chart of Accounts
1000 CURRENT ASSETS (H)
1050 Test Balance
1060 Undeposited Cash & Cheques
1080 Bank: CAD Chequing
1090 Bank: USD Chequing
1100 Bank: Credit Card
1200 Accounts Receivable
1240 Advances Receivable
1260 Purchase Prepayments
1280 Food Supplies
1300 Other Supplies
1390 TOTAL CURRENT ASSETS (T)
1400 INVENTORY (H)
1420 Purebred Dogs
1440 Dog Food
1460 Dog Houses
1490 TOTAL INVENTORY (T)
1500 PLANT & EQUIPMENT (H)
1550 Computer/Cash Register
1580 Store Fixtures and Cages
1590 TOTAL PLANT & EQUIPMENT (T)
2000 CURRENT LIABILITIES (H)
2100 Bank Loan
2150 Credit Card Payable
2200 Accounts Payable
2250 Prepaid Sales and Deposits
2300 Vacation Payable
2310 EI Payable (A)
2320 CPP Payable (A)
2330 Income Tax Payable (A)
2340 Receiver General Payable (S)
2400 RRSP Payable
2420 Medical-MSP Payable
2460 WSIB Payable
2650 HST Charged on Sales (A)
2670 HST Paid on Purchases (A)
2750 HST Owing (Refund) (S)
2900 TOTAL CURRENT LIABILITIES (T)
3000 OWNER’S EQUITY (H)
3560 A. Katz, Capital
3600 Net Income (X)
3690 TOTAL OWNER’S EQUITY (T)
4000 REVENUE (H)
4020 Revenue from Sales
4050 Revenue from Services
4100 Sales Discounts
4200 Freight Revenue
4390 TOTAL REVENUE (T)
5000 EXPENSES (H)
5010 Bank & Credit Card Fees
5015 Exchange Rate Differences
5020 Cleaning and Maintenance
5030 Adjustment Write-Off
5040 Item Assembly Costs
5060 Cost of Goods Sold
5070 Cost of Services
5100 Purchase Discounts
5200 Freight Expense
5220 Dog Food Used
5240 Rent
5260 Utilities
5280 Veterinary Consultation
5300 Wages
5310 EI Expense
5320 CPP Expense
5330 WCB Expense
5400 Medical-MSP Expense
5420 Car Expenses
5490 TOTAL EXPENSES (T)
Print the Chart of Accounts for reference.
Create accounts to match the following Chart of Account: Account types are shown in brackets beside the account. (A) = S
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