Automated Accounting System for Merchandising Businesses

Written by Jerry Belch

General Ledger

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Date for statements

Cash	Beginning Balance
Debit Posting
Debit Posting
Debit Posting
Credit Posting
Credit Posting
Credit Posting

Accounts Receivable	Beginning Balance
Debit Posting
Credit Posting

Furniture and Fixtures	Beginning Balance
Debit Posting
Credit Posting

Accum Dep Furn & Fix	Beginning Balance
Debit Posting
Credit Posting

Office Supplies	Beginning Balance
Debit Posting
Credit Posting

Other Assets	Beginning Balance
Debit Posting
Credit Posting

Accum Dep Other Assets	Beginning Balance
Debit Posting
Credit Posting

Office Equipment	Beginning Balance
Debit Posting
Credit Posting

Accum Dep Office Equipment	Beginning Balance
Debit Posting
Credit Posting

Prepaid Insurance	Beginning Balance
Debit Posting
Credit Posting

Merchandise Inventory	Beginning Balance
Debit Posting
Credit Posting

Notes Payable	Beginning Balance
Debit Posting
Credit Posting

Accounts Payable	Beginning Balance
Debit Posting
Credit Posting

State Income Tax Payable	Beginning Balance
Debit Posting
Credit Posting

Fed Income Tax Payable	Beginning Balance
Debit Posting
Credit Posting

FICA Tax Payable	Beginning Balance
Debit Posting
Credit Posting

Medicare Tax Payable	Beginning Balance
Debit Posting
Credit Posting

FUTA Tax Payable	Beginning Balance
Debit Posting
Credit Posting

SUTA Tax Payable	Beginning Balance
Debit Posting
Credit Posting

Sales Tax Payable	Beginning Balance
Debit Posting
Credit Posting

SDI Tax Payable	Beginning Balance
Debit Posting
Credit Posting

Common Stock	Beginning Balance
Debit Posting
Credit Posting

Retained Earnings	Beginning Balance
Debit Posting
Credit Posting

Sales	Beginning Balance
Debit Posting
Credit Posting

Sales Returns	Beginning Balance
Debit Posting
Credit Posting

Other Income	Beginning Balance
Debit Posting
Credit Posting

Purchases	Beginning Balance
Debit Posting
Credit Posting

Salary Expense	Beginning Balance
Debit Posting
Credit Posting

Rent Expense	Beginning Balance
Debit Posting
Credit Posting

Repairs Expense	Beginning Balance
Debit Posting
Credit Posting

Advertising Expense	Beginning Balance
Debit Posting
Credit Posting

Supplies Expense	Beginning Balance
Debit Posting
Credit Posting

Depreciation Expense	Beginning Balance
Debit Posting
Credit Posting

Insurance Expense	Beginning Balance
Debit Posting
Credit Posting

Miscellaneous Expense	Beginning Balance
Debit Posting
Credit Posting

Payroll Taxes Expense	Beginning Balance
Debit Posting
Credit Posting

Alterations Expense	Beginning Balance
Debit Posting
Credit Posting

Utilities Expense	Beginning Balance
Debit Posting
Credit Posting

Dry Cleaning Expense	Beginning Balance
Debit Posting
Credit Posting

Interest Expense	Beginning Balance
Debit Posting
Credit Posting

Delivery Expense	Beginning Balance
Debit Posting
Credit Posting

Chart of Accounts

Bromley's Menswear

Assets

Cash
Accounts Receivable
Furniture and Fixtures
Accum Depreciation Furniture and Fixtures
Supplies
Other Assets
Equipment
Accum Depreciation Office Equipment
Prepaid Insurance
Merchandise Inventory

Liabilities

Notes Payable
Accounts Payable
State Income Tax Payable
Federal Income Tax Payable
Federal Insurance Contributions Act (FICA)
Medicare Tax Payable
State Unemployment Act (SUTA)
Sales Tax Payable
State Disability Inurance (SDI)

Stockholders' Equity

Common Stock
Retained Earnings

Revenue

Sales
Sales Returns
Other Income

Expenses

Purchases Expense
Salary Expense
Rent Expense
Repairs Expense
Alterations Expense
Advertising Expense
Supplies Expense
Depreciation Expense
Insurance Expense
Misc. Expense
Payroll Taxes Expense
Utilities Expense
Interest Expense
Delivery Expense