Exercise 3-9A Typical Chart of Accounts
Service Company Tennessee             Transactions    End of Year Balances
Debits Credits Debits Credits Debits Credits
I. ASSETS XX
 Cash 6000 a. 6000 CASH FLOW STATEMENT
b. 6000
c 6000
d 6000
g 6000
i 6000
j 6000
k 6000
 Accts Receivable 25000 d 25000 Cash Inflows (Outflows) from operating, investing, 
 Supplies 1200 k 1200   and financing activities + Beginning Balance = Ending Balance
 Prepaid Insurance       
 Land 6000 6000 BALANCE SHEET
 Buildings 22000 22000
 Equipment 8000 h 8000 Current Assets: Current Liabilities
II. LIABILITIES XX   Cash $   Accounts Payable $
 Accts Payable 8000 e 8000   Accounts Receivable   Unearned Fee Revenue
g 8000   Supplies Total Current Liabilities $
 Notes Payable 40000 40000 Total Current Assets $ Notes Payable
 Unearned Fee Revenue 3200 a. 3200   Equipment Total Liabilities $
 Taxes Payable 0   Land  Stockholders' Equity
III. STOCKHOLDERS' EQUITY       XX   Building  Contributed Capital $
 Capital Stock 8000 8000 Total Assets $  Retained Earnings
 Retained Earnings 9000 9000 Total Stockholders Equity
 Dividends j 0 RETAINED EARNINGS STATEMENT Total Liabilities & SH Equity $
IV. REVENUE XX Balance, December 31, 2003 $
 Rebuilding Fees Revenue c 0 Net Income For Year
 Rent Revenue b 0 Dividends Paid
V. EXPENSES XX Balance, December 31, 2004 $
 Wages Expense i 0
 Utilities Expense e 0 INCOME STATEMENT
 Insurance Expense 0 Revenues
 Miscellaneous Expense 0   Piano Rebuilding $
  Rent Revenue
Totals 68200 68200 0 0 68200 68200 Total Revenue $0
Expenses
  Wages Expense
  Utilities Expense
Net Income $ $0