Chart of Accounts Current Assets LongTerm Liabilities 27000

Chart of Accounts Current Assets Long-Term Liabilities 27000 27100 Note Payable Cash 10000 11000 Accounts Receivable ?2000 12100 13100 Supplies (Ribbon, Sticks, Mortgage Payable Inventory-Cookies Stockholders\' Equity Inventory- Baskets Cellophane) Prepaid Rent 39003 Common Stock 39005 Retained Earnings 39007 Dividends paid 13200 Shipping Supplies Revenue 14100 Prepaid Insurance 40000 Sales 14200 Prepaid Advertising Long-Term Assets 15000 Computer Equipment 17000 Accumulated Depreciation Expenses Cost of Goods Sold Legal Expense Supplies Expense Computer Equipment 60100 15100 Delivery Van 0150 60200 Shipping Supplies Expense 17100 Accumulated Insurance Expense Wages Expense Depreciation-Delivery Van 60350 60400 Credit Card Expense 0500 Advertising and Promotion Current Liabilities 20000 Accounts Payable 21100 Note Payable-Wells Fargo Expense 60550Utility Expense 0600 Rent Expense Bank 21200 Note Payable-Office Mart 60650 Depreciation Expense 23100 Wages Payable 23200 Interest Payable Sales Tax Payable 60700Interest Expense 60750 Bank Service Fee 23300

Solution

Since you have mentioned you need only journal entries I am posting only the journal entries

	Account	Debit	Credit
1	No entry
2	Cash a/c	35000
	To Common stock a/c		35000
3	Prepaid rent A/c	2400
	To cash A/c		2400
4	Prepaid Insurance A/c	2700
	To cash A/c		2700
5	Computer Equipment A/c	3600
	To Notes Payable - Office Mart A/c		3600
6	Cash A/c	10000
	To Notes Payable- Well Fargo A/c		10000
7	Delivery Van A/c	16000
	To Cash A/c		16000
8	Delivery Van A/c	600
	To Cash A/c		600
9	Prepaid Advertising A/c	500
	To Cash A/c		500
10	Inventory - Cookies A/c	6200
	To Accounts Payable A/c		6200
11	Inventory - Baskets A/c	2900
	To Accounts Payable A/c		2900
12	Legal Fees A/c	800
	To Cash a/c		800
13	No Entry
14	Supplies (Cellophane, ribbon & sticks)	300
	To Accounts Payable A/c		300
15	Shippling Supplies A/c	400
	To Cash A/c		400
16	Accounts Receivable A/c	4000
	To Sales A/c		4000
	Cost of Goods Sold A/c	1700
	Basket Expense A/c	500
	Supplies Expense A/c	50
	To Inventory - Cookies A/c		1700
	To Inventory - Baskets A/c		500
	To Supplies (Cellophane, ribbon & sticks)		50
17	Inventory - Cookies A/c	5500
	To Accounts Payable A/c		5500
18	Cash A/c	6480
	To Sales A/c		6000
	To Sales Tax Payable A/c		480
	Cost of Goods Sold A/c	3900
	Basket Expense A/c	300
	To Inventory - Cookies A/c		3900
	To Inventory - Baskets A/c		300
19	Accounts Payable A/c	300
	To Cash A/c		300
20	Advertising and Promotion Expense A/c	700
	To Inventory - Cookies A/c		600
	To Inventory - Baskets A/c		100
21	Cash A/c	4000
	To Accounts Receivable A/c		4000
22	Credit Card Expense A/c	350
	To Cash A/c		350
23	Accounts Payable A/c	2900
	To Discount received A/c (2900*2%)		58
	To cash A/c		2842
24	Cash A/c	7560
	To Sales A/c		7000
	To Sales Tax Payable A/c		560
	Cost of Goods Sold A/c	3500
	Basket Expense A/c	1000
	To Inventory - Cookies A/c		3500
	To Inventory - Baskets A/c		1000
25	Accounts Payable A/c	11700
	To Discount received A/c (11700*2%)		234
	To cash A/c		11466
26	Cash A/c	2484
	To Sales A/c		2300
	To Sales Tax Payable A/c		184
	Cost of Goods Sold A/c	1680
	Basket Expense A/c	220
	To Inventory - Cookies A/c		1680
	To Inventory - Baskets A/c		220
27	Utility Expense A/c	120
	To Accounts Payable A/c		120
28	Notes Payable - Office Mart A/c	300
	Interest Expense A/c	36
	To Cash A/c		336
29	Inventory - Cookies A/c	3400
	To Accounts Payable A/c		3400
30	Sales Tax Payable a/c	1224
	To Cash A/c		1224
31	Retained Earnings A/c	100
	To Dividend Paid A/c		100
	Dividend Paid A/c	100
	To Cash A/c		100