The following information should be used for questions 110-111.The accounts with their respective balances for Dom's Delivery Service as of June 1 are given below. All accounts have normal balances.Cash$23,350???Accounts Receivable14,600?Dominic Goggin, Capital64,300Supplies 450?Dominic Goggin, Drawing -0-? ?Delivery Fees Income -0-Office Equipment 12,800?Rent Expense -0-Delivery Equipment 20,000?Salaries Expense -0-Accounts Payable 6,900?Utilities Expense -0-???Advertising Expense-0-Dom's had the following transactions during the month of June. a. Paid rent for June, $1,200b. Dominic Goggin withdrew $5,800 from the business for personal usec. Performed services for $5,350 in cashd. Performed services for $21,800 on credite. Received
$12,400 from credit customers on accountf. Paid the administrative assistant salary of $2,000 and delivery service messenger/driver salary of $3,000 for the monthg. Paid the electric and phone bills for a total of $580h. Paid creditors $6,000 on accounti. Purchased $3,500 in supplies on account.j. Paid $2,500 cash for advertising in the local newspaper in JuneUsing the information shown, create a Chart of Accounts with appropriate account numbers for the accounts given for Dom's Delivery Service.
What will be an ideal response?
Note: Student answers will vary. Look for basic numbering blocks with categories in the same block. Whether or not titles are required is at the instructor's discretion.
DOM'S DELIVERY SERVICE Chart of Accounts | |
Account Number | Account Name |
Balance Sheet Accounts | ? |
100-199 | Assets |
101 | Cash |
121 | Accounts Receivable |
131 | Supplies |
151 | Office Equipment |
161 | Delivery Equipment |
200-299 | Liabilities |
201 | Accounts Payable |
? | ? |
300-399 | Equity |
301 | Dominic Goggin, Capital |
Statement of Owner's Equity Account | ? |
302 | Dominic Goggin, Drawing |
Income Statement Accounts | ? |
400-499 | Revenue |
401 | Delivery Service Fees |
500-599 | Expenses |
511 | Rent Expense |
551 | Salaries Expense |
561 | Advertising Expense |
581 | Utilities Expense |
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