Unit 6
Accounting and Finance Foundations Unit 6: Journalizing 491
Journalizing
Chapter 6
Lesson 17.2 Adjusting Entries and Depreciation (cont’d)
Student Guide
Chapter 17
As a result, King’s Interiors’ new chart of accounts should be:
King’s Interiors Chart of Accounts
110 Cash
120 Accounts Receivable
130 Supplies
131 Less: Accumulated Depreciation
210 Accounts Payable, Furniture World
310 Capital, Mrs. King
320 Owner’s Draw, Mrs. King
330 Income Summary Account
410 Revenue, Design Services
420 Revenue, Design Products
510 Rent Expense
520 Utility Expense
530 Depreciation Expense